HiMama, a Toronto, Canada, and Boston MA-based provider of childcare center software solutions, announced that it has secured C$70 million in Series B funding led by Bain Capital Double Impact.
The Series B minority investment, which includes participation from existing investors Round13 Capital and BDC Capital's Women in Technology Venture Fund.
The fund will enable HiMama to serve additional childcare centers in Canada and the U.S., fuel further investments in product development and offer a foundation for opportunistic growth by acquisition.
Company: Hi Mama Inc.
Raised: C$70.0M
Round: Series B
Funding Month: November 2021
Lead Investors: Bain Capital Double Impact
Additional Investors: Round13 Capital and BDC Capital's Women in Technology Venture Fund
Company Website: https://www.himama.com/
Software Category: Childcare center software solutions
About the Company: Founded in Toronto in 2013 by CEO Ron Spreeuwenberg and CTO Alana Frome, HiMama provides childcare centers with tools to more efficiently manage staff and class schedules, tuition billing and payments, and classroom learning activities while engaging parents to drive better educational outcomes for young children. The Company's products are used in over 10,000 childcare centers across Canada and the U.S., and their software has enabled essential communication with more than one million parents of children enrolled in care. HiMama makes it easy for child care directors and owners to empower their educators, delight their parents, improve learning outcomes for children, and grow their business. HiMama has been adopted and adored by thousands of childcare centers globally, and to date, has captured more than a billion moments for parents while saving early childhood educators more than 8 million hours of pesky paperwork. HiMama is proudly a social purpose business focused on connecting families and educators to improve developmental outcomes for children aged zero to five
Source: https://www.prnewswire.com/news-releases/himama-secures-c70-million-growth-investment-led-by-bain-capital-double-impact-301427934.html