The round was led by Beringea and Arboretum Ventures with participation from existing investors. In conjunction with the fubding, Michael Gross, managing director at Beringea, and Paul McCreadie, managing director at Arboretum Ventures, will join Rethink’s board.
The company intends to use the funds to support sales and operational hiring plans and fund further development and functionality of its existing platforms.
Founded in 2007 and led by Daniel Etra, CEO, Rethink provides a software-as-a-service technology platform for professionals, parents, and family members to teach children with autism, as well as other developmental disabilities, in an applied way.
Its curriculum is based on the Applied Behavior Analysis (ABA).