Childminding platform Tiney in £5m raise
Tiney has secured £5m funding, according to TechCrunch.
The London start-up sources potential childminders, trains them, helps them into the industry and handles all the messaging and invoicing.
The funding was led by Index Ventures, with LocalGlobe and JamJar Investments also participating. Index Ventures principal Hannah Seal will join the company’s board.
Ex-McKinsey consultant and CEO Brett Wigdortz, also the brains behind Teach First and Teach for All, co-founded the company with CTO Edd Read, a co-founder at Graze.
He identified that there is a dearth of childminders in the UK.
“After improving primary and secondary education for millions of children through Teach First, Brett is now tackling some of the biggest challenges parents, children and the society face in the very early years,” said Seal.
“For parents of young children, sorting out childcare is often a struggle with limited often-costly and inadequate options. For educators, there is not always an easy path to a career in early years education, which has led to rapidly declining numbers of childminders across the UK.
“We’re excited to partner with Brett to address this growing crisis and create a system that puts more focus on children during the most critical years of development.”