STIC Investments buys Kakao's childcare app Kidsnote

What's the deal? STIC InvestmentsDealroom has a profile for this one. Try Dealroom → has acquired KidsnoteDealroom has a profile for this one. Try Dealroom →, the childcare app owned by South Korean tech giant KakaoDealroom has a profile for this one. Try Dealroom →. The private equity firm takes control of the platform, which connects parents and childcare centres.

What's the endgame? Kidsnote lets parents and daycare staff share updates, photos, and notices about children. Under new ownership, it moves from Kakao's sprawling portfolio into a dedicated investor's hands.

The signal: The deal reflects Kakao's continued trimming of non-core businesses as it sharpens focus on its main platforms.

Read more: alpha-maven.com

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