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Child Care Startup Kinside Raises $12M Series A In A Round Led By Mothers

Jun 07, 2022•over 3 years ago

Amount Raised

$12 Million

Round Type

series a

Software

Description

Finding and affording child care is one of the biggest challenges parents face. Kinside makes the process easier by not only providing a marketplace of verified carers, but also helping parents tap into their flexible spending accounts (FSA) and other benefits to afford care. Today, the company announced it has raised $12 million in Series A funding, in a round led entirely by mothers. They include Sasha McKenzie of Wellington Ventures; Joanna Drake of Magnify Ventures; Initialized’s Alda Leu Dennis; and Maven Ventures’ Sara Despande

Company Information

Company

Kinside

About

Today, the company announced it has raised $12 million in Series A funding, in a round led entirely by mothers. Barrett explained that the company worked with state licensing experts to develop a proprietary state-by-state vetting framework that evaluates years of license and visitation history, and has a national failure rate of 5%. The latest round of funding will be used toward increasing Kinside’s marketplace functionality and developing new tools that will further expand its dynamic inventory as the company aims toward expansion to 10,000 employers and one million parents. Dynamic inventory means that the company knows in real-time when a spot becomes available at a centers, helping parents in the search.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech