Dealflow | August 20, 2018

Wonderschool raises $20 million to launch preschools and childcare centers

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

The in-home preschool startup Wonderschool announced in January that it had raised $2.1 million, with backing from the likes of Omidyar Network. Seven months later, it has closed $20 million, led by Andreessen Horowitz. Omidyar, Gary Community Investments and First Round Capital also backed the new round.

Wonderschool launched two years ago to help educators and caretakers launch their own preschools and daycares. The company’s software platform helps educators and caretakers get credentials, set up websites, market their programs and collect tuition. Wonderschool takes a 10% cut of tuition.

The company  claims its early childhood educators can earn multiples more than standard preschool teacher salaries, which sometimes are so low that early childhood educators “qualify for public benefits.”

Wonderschool has helped launch 140 schools in San Francisco, New York and L.A.