HiMama has raised बी 70 million (CAD $ 77.3M) in a series B funding round led by Ben Capital Double Impact, designed for early childhood education teachers working in Toronto-based software platforms, pre-school and daycare programs.
According to the company’s blog post, the Series B minority investment, which includes the participation of existing investor Round 13 Capital and BDC Capital’s Woman in Technology Venture Fund, will enable Himama to serve additional childcare centers in Canada and the US and drive further investment. Provides foundation for opportunistic growth through product development and editing.
Founded in 2013 by Ron Spreeuwenberg and Alana Frome, HiMama provides a childcare center with tools for managing staff more efficiently, allowing for classroom schedules, tuition billing and payments, and classroom learning activities while engaging parents to achieve better educational outcomes for young children.
HiMama manages and stores communications between administrators and parents through industry standard SSL encryption technology. In addition, the solution offers parent-centered features such as digital scrapbooks, milestone trackers and preschool updates.
Commenting on the funding, HiMama co-founder and CEO Ron Sprieuenberg said,
“The last twenty months have further strengthened that childhood education is critical to lifelong development and emphasizes the need for digital coordination and open lines of communication between teachers and parents. Bain Capital Double Impact shares our vision of becoming a leading provider. Content. This investment will drive our growth and help us significantly increase our impact on childhood teachers, parents and children. This funding is based on HiMama’s June 2021 edition of FunShine Express, to offer comprehensive curriculum and activity planning. “
HiMama is a certified B Corporation, which meets the highest standards of transparency and accountability for using business to deliver positive social change. With over 50,000 reviews in the Canada and US App Stores and an average rating of 4.9, HiMama is the most reviewed and highest-rated software for childcare centers in North America.
Ian Weir, managing director of Ben Capital Double Impact, said:
“Ron and Alana have created HiMama with a separate mission to bring together teachers and parents to bring about better learning outcomes for children in and out of the classroom. We look forward to partnering with Ron and team to expand the reach of childhood education solutions and expand their reach across Canada and the US.
HiMama’s products are used in more than 10,000 childcare centers in Canada and the US, and their software provides essential interaction with the more than one million parents of children registered for care.
In 2017, HiMama acquired Canadian software company DailyChildCareReport. The childcare software platform raised 7.5 million (CAD $ 7.25M) in April 2019 as part of a series A funding round led by a Toronto-based venture firm, Round 13 Capital.
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