Total amount raised
$15.5 Millions
Latest funding date
10/01/2019
Location
Winnie has successfully raised funding from a total of 18 investors, including Heroic Ventures and Unusual Ventures. The platform serves as a comprehensive marketplace for child care, offering detailed information about local daycares and preschools.
Keep reading to explore the intricacies of Winnie's fundraising journey and the investors backing this innovative platform.
What Is Winnie?
Winnie, founded in January 2016 by Anne Halsall and Sara Mauskopf, is based in San Francisco, California. The company operates in the childcare and early education services industry, providing a marketplace for parents to find high-quality local daycares and preschools.
With a team of 11-50 employees, Winnie leverages powerful data systems and a trusted community to offer detailed descriptions, photos, tuition information, and availability data for childcare programs. Providers use the platform to fill open spaces, build waitlists, and access resources to run their businesses efficiently.
How Much Funding Has Winnie Raised?
- Convertible Note
- Amount Raised: Not specified
- Date: January 2016
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and build the initial platform.
- Seed Round
- Amount Raised: $2.5M
- Date: October 2016
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its features.
- Seed Round
- Amount Raised: $4M
- Date: June 2018
- Lead Investors: Reach Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase the number of childcare providers on the platform.
- Series A
- Amount Raised: $9M
- Date: October 2019
- Lead Investors: Rethink Impact
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and business reach, addressing the childcare crisis with technology.
Total Amount Raised: $15.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Rethink Impact
- Details: Rethink Impact is a venture capital firm that invests in female leaders using technology to solve the world's biggest problems. Jenny Abramson, founder and managing partner, joined Winnie's board as part of the Series A funding.
- Investment Focus Areas: Female-led companies, technology, global challenges.
- Notable Investments: Ellevest, EverFi, Spring Health.
- Reach Capital
- Details: Reach Capital is a venture capital firm focused on investing in early-stage education technology companies. They participated in both the Seed and Series A funding rounds for Winnie.
- Investment Focus Areas: Education technology, early-stage companies.
- Notable Investments: ClassDojo, Handshake, Nearpod.
- Impact America Fund
- Details: Impact America Fund invests in companies creating economic opportunities for underserved communities. They participated in the Series A funding round for Winnie.
- Investment Focus Areas: Economic opportunities, underserved communities.
- Notable Investments: Not specified.
- Unusual Ventures
- Details: Unusual Ventures is a venture capital firm that invests in early-stage technology companies. They were part of the Series A funding round for Winnie.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not specified.
- Ludlow Ventures
- Details: Ludlow Ventures is a venture capital firm that invests in early-stage startups across various sectors. They participated in the Series A funding round for Winnie.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Not specified.
What's Next for Winnie?
Winnie stands poised to capitalize on the growing demand for reliable childcare and early education services. With its platform already expanded to over 7,000 cities, the opportunity to further enhance its reach and features is immense. The company aims to continue its growth by adding more childcare providers and integrating additional data to better serve parents.
Future fundraising efforts seem promising, given the successful Series A round and the involvement of high-profile investors. These funds could be pivotal in scaling operations and developing new features. However, Winnie may face challenges such as maintaining the quality of information and competing with other platforms in the industry.
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