HopSkipDrive Raises Another $37M to Modernize School Transportation
Summary
While working from home has created more opportunities for flexible schedules, it still doesnt afford many parents the ability to drop off and pick up their kids from school. The startup, founded by three working mothers, places a critical emphasis on providing a dependable service with vetted drivers to allay concerns that parents may have. The company also works directly with 400+ school districts and counties to assist with their student transportation requirements.LA TechWatch caught up with HopSkipDrive CEO and Cofounder Joanna McFarland to learn more about the business, the companys strategic plans, latest round of funding, which brings the total funding raised to $123.8M, and much, much moreWho were your investors and how much did you raise?We are excited to announce that HopSkipDrive has raised $37M in Series D funding from Energy Impact Partners, Keyframe Capital, FirstMark Capital, Alumni Ventures, Transform Capital, and others who believe in our mission.Tell us about your product or service.Designed by protective moms and driven by caregivers, HopSkipDrive is the leader in innovative, scalable transportation solutions for schools, districts, government agencies, and families. HopSkipDrives advanced technology platform and industry-leading operational expertise provide school districts with safety, flexibility, and visibility while helping to create opportunity for all through mobility.HopSkipDrive currently operates in 21 major markets across 12 states, and has contracts with 400+ school districts and county government agencies.What inspired the start of HopSkipDrive?I started the business in 2014 with two other working moms. We help districts get kids to school safely and dependably while helping districts save money and also providing a flexible income opportunity for caregivers.What factors about your business led your investors to write the check?Our investors are excited about our mission, our traction and growth, and our unique approach to solving this problem that is so important and in such a massive industry that is ripe for changeWhat are the milestones you plan to achieve in the next six months?We grew 3x last year and are on pace to grow 3x again this year.
Funding
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