Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

2 pregnant cofounders raised $9 million for a startup that tackles a universal problem for millennial parents

Published by Business Insider on Tue, 22 Oct 2019


Finding childcare is a chore for many parents. A startup called Winnie helps them search for preschools and daycares nearby.The online marketplace aggregates data from thousands of childcare centers across 7,000 US cities, and filters for availability, location, hours of operation, and children's ages.Winnie just got a cash infusion of $9 million in Series A funding to build more tools for the childcare providers on their app.Visit Business Insider's homepage for more stories.In the search for safe and affordable childcare, the best option available for parents is often a Google search.It took two former Googlers to come up with something better.Winnie is a tool for finding daycares and preschools nearby. Parents can access tuition rates, licensing status, and reviews left by other parents, as well as search openings at local centers. The startup has raised a fresh $9 million in Series A funding to build more tools for providers on the service, after reporting a year of explosive growth.Founders Sara Mauskopf and Anne Halsall, who were both pregnant at the time of fundraising, say childcare "is no longer optional.""The vast majority of families need it, and it's really hard to find, hard to afford, and hard to assess quality," said Mauskopf.The share of households where both parents work hit 66% in 2016, up from 49% in 1970, according to the Pew Research Center. The shift has created a boon for the daycare industry, with revenue expected to top $57 billion in 2019 and growing 4% year over year.Winnie aggregates data from state licensing authorities in 20 states and has a database of more than 150,000 daycares and preschools. Parents can filter their search by location, hours of operation, age of children, and type of facility, like a home or center. Not all providers update their pages for "immediate" and "upcoming" openings, which means parents may have to call around to check availability.The company toyed with a "premium" membership for parents, but Mauskopf said they could drive more business to providers by making search free. Instead, the childcare centers can pay a monthly fee that gives them better visibility in ads and searches.When the founders were building a database for their first market, they found as many as half of the 5,000 providers in the San Francisco Bay Area didn't have a website or social media page. They noticed that the childcare centers with an online presence often charged more, because they probably saw more inbound demand."Digital is not their core competency, it's caregiving," Mauskopf said.Though they also worked at Google, Mauskopf and Halsall met on the product team at Postmates. As new moms, they swapped horror stories about the difficulties of finding childcare in the Bay Area.The company they set out to create helps parents "solve the most visible problems" they face, Halsall said. At the start, Winnie positioned itself as a sort of Yelp for parents, where they could discover family-friendly restaurants, activities, and playgrounds."Through the process of building that product, we saw that there was one classification of data that was the most in-demand"childcare, Halsall said. The founders decided in 2017 to narrow focus around a searchable directory of daycares and preschools.Winnie has reached more than four million unique visitors since its founding in 2016. The recent cash injection will allow the company to build more tools for childcare providershelping them market their business, complete enrollment paperwork, process payments, maintain a waitlist, and fill temporary openings, Mauskopf said.The company's Series A round, led by female-led venture capital firm Rethink Impact, brings total funding to $15.75 million.SEE ALSO:The pitch deck that raised millions for 2 ex-Googlers whose startup helps new millennial parents find childcareSEE ALSO:Millennials are tracking their kids' whereabouts and internet usage on their phones ' here are the apps 'parennials' are obsessed withJoin the conversation about this storyNOW WATCH: How to childproof your iPhone or iPad
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs