Swing Education, a California-based education staffing company, has recently secured $38 million in Series C funding to expand and grow its business. The funding round was led by Owl Ventures, a venture capital firm that specializes in education technology investments, and included participation from existing investors such as GV (formerly Google Ventures) and Kapor Capital.
Swing Education was founded in 2015 with the mission of helping schools and districts fill their substitute teacher vacancies quickly and efficiently. The company’s online platform connects substitute teachers with schools in need of their services, making it easier for both parties to find and schedule work. Swing Education also provides training and support to its substitute teachers to ensure they are prepared for the classroom.
The company has experienced rapid growth in recent years, with its platform now serving over 2,500 schools across the United States. With the new funding, Swing Education plans to expand its reach even further, with a focus on serving more schools in rural and underserved areas.
“We’re excited to use this funding to continue our mission of helping schools and districts find high-quality substitute teachers,” said Mike Teng, CEO of Swing Education. “We believe that every student deserves a great education, and we’re committed to making sure that happens even when their regular teacher is out.”
The funding will also be used to develop new products and services that will help schools and districts better manage their substitute teacher needs. This includes a new feature that allows schools to schedule substitute teachers in advance, reducing the stress and uncertainty that often comes with last-minute absences.
Owl Ventures, the lead investor in the funding round, sees great potential in Swing Education’s mission and business model. “Swing Education is addressing a critical need in education by providing a reliable and efficient way for schools to find substitute teachers,” said Tory Patterson, Managing Partner at Owl Ventures. “We’re excited to support their growth and expansion as they continue to make a positive impact on students and schools across the country.”
Overall, Swing Education’s latest funding round is a testament to the company’s success and potential for future growth. With its innovative platform and commitment to improving education, Swing Education is poised to make a significant impact on the education industry in the years to come.
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