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Wonderschool Raised $25 Million to Address Childcare Problems with Investment from Goldman Sachs as Part of Its One Million Black Women Initiative

Chris Bennett is the CEO and founder of Wonderschool, a business that helps entrepreneurs launch … [+] programs that range from infant and toddler programs to preschools and microschools. Photo courtesy of Chris Bennett With the pandemic revealing the critical role that childcare plays in our society—and how punishing its absence is for so many…

Chris Bennett is the CEO and founder of Wonderschool, a business that helps entrepreneurs launch … [+] programs that range from infant and toddler programs to preschools and microschools.

Photo courtesy of Chris Bennett

With the pandemic revealing the critical role that childcare plays in our society–and how punishing its absence is for so many families–Wonderschool has raised $25 million in a Series B round to grow and bolster its platform that enables individuals to establish child-care centers, as well as microschools, around the country.

Wonderschool’s news arrives in a world highly attuned to the challenges in childcare. There are many things people fear, including a lack of childcare, one-size-fits all childcare, and underpaid childcare workers. Wonderschool’s platform approach to care suggests that there is a way out of the chaos. It allows caring entrepreneurs to create a variety models for places of childcare.

” The pandemic isn’t over,” Wonderschool CEO Chris Bennett stated. There are always new variants and you hear about them every time you go out with someone. Parents are increasingly looking for smaller environments. Wonderschool is becoming more apparent. We’re seeing a lot of employer interest in supporting childcare and continue to see interest from governments.”

Think about Wonderschool as an AirBnB to launch programs such as infant and toddler programs, preschools, and even microschools. Each program has its own dedicated team. Wonderschool provides support for childcare entrepreneurs in the areas of licensing, accounting, marketing, and expert peer support to help them generate new curriculum ideas.

The company, which was founded in 2016 and was growing quickly prior to the pandemic, has found its legs in a world in which 51 percent of Americans live in “childcare deserts” without an adequate supply of licensed childcare providers.

According to Bennett, revenue has grown almost seven times over the past 18 months.

Wonderschool now supports nearly 1,700 programs.

The platform has been implemented statewide in New Mexico and Indiana, Nevada, and North Carolina. This means that all centers-based and home-based childcare programs have access to the platform’s services. This deployment allows state policymakers to see through a fragmented network of childcare providers, and gain deeper insight into the gaps in childcare provision in their states.

States such as Nevada are taking advantage of those insights and paying Wonderschool to help them create new home-based childcare programs, Bennett stated.

Government support for both home-based and centers-based programs is crucial, Bennett said. Bennett said that it is a mistake to create funding streams or regulations that exclude home based programs, like New York City has done.

Bennett stated that

“[Ideal are] measures allow for both home-based and center-based. “We’re big proponents of that because the center-based models have been struggling whereas home-based haven’t [during the pandemic].”

For Black families, the challenges aro

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