Kangarootime Announces Seed Financing
LOS ANGELES, CA, Kangarootime, a provider of cloud-based software for early learning centers, raised seed funding of an undisclosed amount.
Skyview Ventures LLC is excited to announce its investment in the Seed Round of Kangarootime. Kangarootime is a leading provider of cloud-based software solutions for early learning centers. The Kangarootime suite of products allows childcare centers and other educational centers to digitize their operations. The Kangarootime suite allows parents to check their children in and out of the center, pay tuition electronically, view and share photos, complete student paperwork and interact with teachers. The tool also helps childcare centers manage their compliance issues, improve staffing oversight, and increase and automate revenue and collections.
This investment in Kangarootime will go to help accelerate their growth into new school organizations in the United States and abroad. Skyview Ventures is investing alongside Mucker Capital and Tech Coast Angels in this round.
Skyview Ventures has relevant experience in the mobile, EdTech and cloud-based software segments through previous investments in NewPace, Headsprout, Mimio, LSSiData, and Syncplicity.
Scott Wayman, Kangarootime CEO, says, "We are very excited to have Skyview Ventures participate in this round. Skyview brings a lot of relevant financial, technical, and operating experience. We are building the first cloud-based enterprise-capable platform for early education, and having the operating expertise of Skyview behind us is an invaluable asset. Another appeal of teaming up with Skyview was that their team consists of real entrepreneurs. As we work with the large franchise businesses in early childhood education, having former operators like Skyview in our corner is a real asset."
Matt Thompson, Skyview Ventures LLC Senior Vice President says, "We are looking forward to partnering with Scott Wayman and the Kangarootime team. We first met Scott at the Founders Institute pitch session two years ago and have been impressed with his progress. Early education and day-camps are sectors ripe for digital disruption. As a parent, I am tired of all of the duplicative paper forms. We see Kangarootime both growing the market and taking share."
Chris Aye, Skyview Capital COO, says "We are excited to help Kangarootime on their journey. They have a great foundation and this additional capital will help them scale the business."
About Skyview Ventures LLC
Skyview Ventures LLC is a wholly-owned division of Skyview Capital LLC. Skyview Ventures partners with entrepreneurs in Southern California who are developing disruptive technologies. Skyview Ventures invests in early stage businesses, where the team can leverage industry experience and its vast relationships. Current areas of focus include Digital Media, IoT, Augmented and Virtual Reality, Telecom and Software, Social Media, Fintech, HealthTech and Biotech. Skyview Ventures is based in Los Angeles, California. www.skyviewcapital.com/ventures
About Skyview Capital, LLC
Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed more than 25 transactions within its target market verticals. Visit www.skyviewcapital.com.
About Kangarootime, Inc.
Kangarootime is a leader in the education software market and is based in Long Beach, California. Kangarootime provides a suite of software tools including Tuition Collection Manager, Child Checkin and Checkout, Messaging and Picture Sharing and Employee Management. Kangarootime serves preschool, elementary school, elder care, and day-camp market segments.
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