San Francisco-based edtech company, Wonderschool has raised $20M in Series A financing led by Andreessen Horowitz with general partner Jeff Jordan joining its board. The current round of saw participation from Omidyar Network, First Round, Gary Community Investments, Cross Culture Ventures, Uncork Capital, Rethink Education, Edelweiss, and Lerer Hippeau, along with a bunch of other angel investors.
With the current fundraising, Wonderschool’s total financing reached $24.1 million. The company previously raised $2.1 million from Omidyar Network, Be Curious Partners, Rethink Education, Edelweiss Partners and Learn Capital. Prior to that, it has raised $2 million in the seed round.
“Wonderschool addresses both sides of the early childhood education marketplace, supply and demand,” says Chris Bennett, co-founder and CEO of Wonderschool. “Our platform provides an option for educators that are all too often priced out of the career they love to continue to develop and teach while ultimately bringing parents more high-quality, local options. With this investment, Wonderschool can continue to scale quickly and not only create more openings for children, but also help experienced educators become ‘edupreneurs.'”
Founded in 2016 by Chris Bennett and Arrel Gray, Wonderschool is an Airbnb for kindergarten. The platform allows educators and caregivers to start, operate and grow their own in-home preschools and daycares. Through an online dashboard, they can track students, list schedules, manage programs, and more. It’s like.
The company claims to have 140 schools in operation, nearly 500 educators in the process of opening and a cadence of approximately 70 new school Directors signing on to open their own schools per month.
With another $20 million in the bank, Wonderschool plans to use the latest financing to develop new products and services. Besides, the company wants to accelerate expansion in existing markets of Los Angeles, New York, and the San Francisco Bay Area.
SEE ALSO: ShopClues raises ₹110 crores
SEE ALSO: Root AI Raises .3M in Seed Funding
SEE ALSO: Fintech Startup Propelld Raises 0,000