Upwards, a Los Angeles, CA-based national childcare network and care benefits company, raised $21M in Series A funding.
The round, which brought the total amount to $43.3M, was led by Alpha Edison, with participation from existing investors M13 and Fika Ventures.
The company intends to use the funds to accelerate its expansion and improve the customer experience for families, caregivers, and new and existing employer and government partners alike.
Led by CEO Jessica Chang, Upwards is a technology-driven care solutions company with a mission to make care accessible to all families and empower the caregivers who provide it. It brings together families, care providers, employers, and governments to create new care avenues in real-time and utilizes a data-driven approach to enhance the supply and capacity of the care system. Upwards matches families with caregivers equipped to meet their needs and connects families with the resources they need to afford care, whether through government subsidies or workplace benefits.
Commenting on the news, Jessica Chang said: “While billions in public and private funds flow towards childcare annually, hundreds of millions of families still struggle to find quality, affordable care and participate in the workforce, highlighting clear gaps in the system. The growing demand from employers and governments shows that Upwards’ ecosystem-based model and tailored care solutions are making a true difference.”
FinSMEs
15/02/2024