Edtech startup Kangarootime secures $3.5M to expand its early childhood education platform
Kangarootime, a software platform for connecting families to childcare providers, has secured $3.5 million Series A funding to build upon its software to continue to serve the needs of directors and parents, scale its business operations and hire key team members to accelerate the company’s growth. The round was led by Cultivation Capital, with from other Kangarootime investors, Mucker Capital, Skyview Capital, 43 North, New York State Venture Fund and Tech Coast Angels.
Founded in 2015 by Scott Wayman, Kangarootime helps childcare professionals with a cloud-based mobile application that collects payments, automates ‘check-in’ and ‘check-out,’ and streamlines communication and compliance. Every care center can create a better connection with the families that they serve. Kangarootime.com automates check-in and child-specific instructions for daily care.
Kangarootime plans to launch its new education and enterprise products in 2020, furthering the company’s mission to help every school flourish. The additional investment will allow Kangarootime to build upon its software to continue to serve the needs of directors and parents, scale its business operations and hire key team members to accelerate the company’s growth.
“We built Kangarootime to help schools serve families, never knowing that there was so much valuable data to help our customers build bodies, minds and souls,” says Scott Wayman, CEO and Founder of Kangarootime. “Our next chapter is about helping our customers become data-driven and use actionable intelligence to become better educators.”
The first modern operating system for childcare centers, schools and behavioral health centers, Kangarootime is the next generation data and analytics platform for early education. The all-in-one approach provides educators access to data across the entire business. The elegant platform fosters the relationship between educators and families to grow and nurture bodies and minds.
“Cultivation is thrilled to add Scott and the Kangarootime team to our portfolio. With Scott’s proven success and passion for solving the problems of early childhood centers, we know that Kangarootime will be able to serve the specific needs to centers everywhere,” says Heather Wood, Kangarootime Board Member and General Partner at Cultivation Capital.
Kangarootime is the center director’s partner in finding affordable and sustainable solutions to daily challenges. The company’s comprehensive platform offers tuition collection management, 100% paperless, check-in and out, messaging and picture sharing and employee management. Center directors and teachers have an all-in-one solution while parents receive realtime updates and overall transparency in their childcare experience.