HopSkipDrive, The Ridesharing Startup For Youngsters, Grabs $10.2M In Collection A Funding

HopSkipDrive, The Ridesharing Startup For Kids, Grabs $10.2M In Series A Funding

HopSkipDrive, The LA-based mostly “Uber for Youngsters”, has closed a $10.2M Collection A spherical led by FirstMark Capital, with participation from new buyers Greycroft Companions and Pritzker Group Enterprise Capital.

The corporate additionally introduced that it has employed Eyal Gutentag as COO, who beforehand was common supervisor of Uber’s  Los Angeles operations.

As a refresher, HopSkipDrive lets mother and father pre-schedule decide-up occasions for his or her youngsters with trusted, completely vetted drivers to shuttle them between faculty or actions. This vetting consists of in depth background checks, car inspection, fingerprinting, participation in ongoing DMV checks, and in-individual assembly with the drivers.

The corporate, which has already raised $three.9M in seed funding, will use the brand new money to proceed increasing past LA, in addition to strengthen their product improvement workforce.

However whereas the corporate has set its sights on enlargement, how is HopSkipDrive faring in its hometown of LA? Cofounder Joanna McFarland defined that almost all of the “hundreds of households” utilizing the service in LA are utilizing it a number of occasions every week. And, the highest 25 % of consumers are utilizing the service a number of occasions a day.

This retention fee is fairly spectacular, and exhibits that HopSkipDrive’s service choices have develop into an important a part of many LA-based mostly households’ every day routine.

However with HopSkipDrive’s drivers being so nicely-vetted, will there be any fear of oldsters beginning to circumnavigate HopSkipDrive and start hiring caretakers outdoors of the platform?

McFarland says no, primarily as a result of nearly all of HopSkipDrive’s customers are mother and father who solely want half-hour to an hour of driving every day. If mother and father have been to rent a caretaker outdoors of the platform, they might in all probability should take them on as an element or full-time nanny. Primarily, McFarland thinks that the worth proposition of HopSkipRide is exclusive sufficient that oldsters would fairly use the service than rent outdoors the platform.

When requested about eventual plans to supply different providers, McFarland stated that they see potential makes use of instances the place different teams (like seniors or individuals with particular wants) may benefit from HopSkipDrive’s safe journey share platform.

However for now, the corporate is hyper-targeted on geographical enlargement of their tried and true mannequin of kid-transportation.