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Kangarootime Raises $3.5 Million to Expand Early Childhood Education Platform

October 30, 2019

BUFFALO, N.Y.--(BUSINESS WIRE)--Oct 30, 2019--

Kangarootime, a leader in early childhood software, secured $3.5 million Series A funding from Cultivation Capital. St. Louis-based venture capital firm Cultivation Capital joins other Kangarootime investors, Mucker Capital, Skyview Capital, 43 North, New York State Venture Fund and Tech Coast Angels.

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.

Learn more about Kanagrootime at kangarootime.com.

About Kangarootime

Kangarootime is the first all-in-one Childcare Management Software program that is digitizing the early education classroom by putting technology at the forefront. Servicing administrators, teachers and parents, Kangarootime appeals to the masses through its innovative solutions to billing, payment processing, parent communication and more. Located in Buffalo, N.Y., the company serves customers across the globe. Learn more about Kanagrootime at kangarootime.com.

About Cultivation Capital

Cultivation Capital is a venture capital firm supporting extraordinary entrepreneurs. We are a family of venture funds and accelerators investing in technology, life sciences, and agriculture technology companies. These funds have backed over 100 companies since the firm’s founding in 2012, making us one of the most active seed investors in the country. Cultivation Capital helps businesses achieve pivotal milestones with the help of our general partners, investors, and other portfolio companies. For more information, visit http://www.cultivationcapital.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191030005793/en/

CONTACT: Genevieve Carbone

Marketing Manager

genevieve@kangarootime.com

716.597.8822

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PRESCHOOL SOFTWARE CHILDREN FAMILY TECHNOLOGY PRIMARY/SECONDARY CONSUMER EDUCATION

SOURCE: Kangarootime

Copyright Business Wire 2019.

PUB: 10/30/2019 01:11 PM/DISC: 10/30/2019 01:10 PM

http://www.businesswire.com/news/home/20191030005793/en