Brightwheel Raises $55M in Series C Funding

Brightwheel, a San Francisco, CA-based platform for early education, raised $55m in Series C financing.

The round was led by Addition with participation from Emerson Collective, Next Play Ventures, Julia and Kevin Hartz, Daniel Shapero, and existing investors GGV Capital, Bessemer Venture Partners, and Eniac Ventures.

The company intends to use the funds to invest in new product development and expand its team across Austin, Denver, and San Francisco offices, as well as support a fully distributed workforce.

Led by Dave Vasen, Founder and CEO, Brightwheel provides a SaaS based software platform for preschools, childcare providers, camps, and afterschool programs. The solution helps teachers manage their day and communicate with parents, gives parents insight into what their children are learning, and automates the process of managing operations for administrators.