Dealflow | June 5, 2023

Swing Education raises $38 million to mitigate teacher shortage

Amy Cortese
ImpactAlpha Editor

Amy Cortese

ImpactAlpha, June 5 – Public schools are scrambling to hire teachers. Some 150,000 openings were unfilled across the US in February as teachers grapple with low pay, safety concerns and public scrutiny. And enrollment in educational prep programs has been declining.

San Francisco-based Swing Education’s marketplace connects schools with qualified substitute teachers to help fill the gap. It also offers upskilling opportunities for educators.

Swing brings “much needed digitalization to the substitute teacher staffing marketplace and making it easier and more efficient to match talent with schools,” said David Su of Apax Global Impact, which co-led the Series C round with edtech and workforce investor Reach Capital.

Swing says its substitute teachers filled more than one million instruction hours in the school year just ending. The new funding will help deepen its presence in California, Arizona, Texas, Illinois, New York, New Jersey, and Washington, D.C., and expand into new regions in 2024.

Founded in 2015, the company was seeded by investors including Social Capital, Kapor Capital, Moment Ventures, Ulu Ventures, Red House Education, and Edovate Capital