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Tierra Encantada Receives $38 Million Primary Growth Investment from Susquehanna Growth Equity (SGE)

Tierra Encantada Receives $38 Million Primary Growth Investment from Susquehanna Growth Equity (SGE)

July 10, 2024 Craig Etkin

Minority investment to fuel growth across the U.S. while continuing to exceed the early childcare industry’s highest safety and curriculum standards

July 09, 2024 07:00 AM Pacific Daylight Time

MINNEAPOLIS–(BUSINESS WIRE)–Tierra Encantada, the leader in Spanish immersion early education®, today announced a significant minority growth investment from Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm. This milestone marks Tierra Encantada’s first institutional investment since their founding in 2013 and underscores their accelerated influence in the youth enrichment market.

Led by CEO and Founder Kristen Denzer, Tierra Encantada provides Spanish immersion childcare to children ages 6 weeks through 6 years. Their premium early education environment includes onsite commercial kitchens to provide children an elevated culinary experience that includes global meals made from scratch with organic ingredients.

“We are on a strong growth trajectory thanks to our amazing team, and we are thrilled to have found the ideal, founder-friendly partner in SGE,” said Kristen Denzer, CEO & Founder of Tierra Encantada. “Their patient capital and operational resources will be incredibly valuable during this next stage of growth. This investment validates the strength of the brand, allowing us to deepen our proven ability to provide a premier experience for families and franchisees, while accelerating our nationwide expansion.”

“We’ve been thoroughly impressed with Tierra Encantada and their relentless commitment to details in everything from industry-leading safety protocols and bilingual curriculums to the nutritious, carefully prepared meals they serve children and the development of their own employees. Tierra Encantada is the clear leader in Spanish immersion early education, and we believe their differentiated model represents the future of childcare,” said Kyle Squillario, Managing Director of SGE. “We are proud to be partnering with a proven founder in Kristen and eager to support Tierra Encantada’s continued growth through the opening of new franchise-owned learning centers and leveraging our own experience across the evolving education sector.”

For over a decade, Tierra Encantada has provided a vital service to communities across the United States, responding to the pervasive challenge countless families face: a lack of high-quality childcare. With the childcare industry expected to grow into a $91 billion dollar industry by 2030, this investment emphasizes a shared vision for new market expansion and continued innovation in the youth enrichment industry.

About Tierra Encantada

Founded in 2013 in Eagan, MN, Tierra Encantada is the fastest growing Spanish immersion childcare company in the United States. From the elevated, from-scratch meals prepared with organic ingredients to the proprietary STEAM curriculum, Tierra provides the care that today’s parents are seeking for their children. Tierra has received numerous accolades including “Top New & Emerging Franchises” by Entrepreneur Magazine, “The 50 Franchise Companies Doing the Most to Champion Diversity” by Entrepreneur Magazine, “10 Hottest Franchise Businesses in America” by Inc. Magazine, as well as Inc. and Financial Times’ lists of the fastest-growing privately held companies. Tierra currently has locations in four states, and is seeking qualified candidates to help further expand the franchise to select markets across the United States. For more information, visit tierraencantada.com.

About Susquehanna Growth Equity

Susquehanna Growth Equity (“SGE”) is an entrepreneur-centric growth equity fund with flexible capital and time horizons. SGE is exclusively focused on growth-stage software, services, internet and information services companies. The firm has invested over $2 billion in 70+ market-leading technology and services companies over the last 15 years and has portfolio companies across the US, Canada, Europe, and Israel. SGE is backed by a unique and patient source of capital, enabling the firm to give entrepreneurs and management teams freedom and flexibility to maximize growth. To learn more, please visit www.sgep.com.

Contacts

For media inquiries, please contact:

Meg McDougall
Chief Marketing Officer, Tierra Encantada
Phone: 262-416-8363
Email: meg.mcdougall@tierraencantada.com

For Susquehanna Growth Equity:
Gasthalter & Co.
sge@gasthalter.com
(212) 257-4170

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, Minneapolis, Minnesota, Tierra Encantada, Venture Capital

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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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