The latest funding is part of Bain’s Double Impact Fund, which invests in health and wellness, education and workforce development and sustainability.
Bain Capital is leading a $70 million funding round into HiMama, a software provider for childcare centers as part of its push to make money while doing good through its impact platform.
Bain is investing through its Double Impact Fund. The capital from the investment will go towards accelerating the development of a full suite of engagement, content and administrative tools to enhance early childhood education. This will enable HiMama to serve additional childcare centers in Canada and the US, fuel further investments in product development and offer a foundation for opportunistic growth by acquisition.
The funding was led by Bain, with the series B minority investment, which includes participation from existing investors Round13 Ventures and Business Development Bank of Canada (BDC).
Bain Capital has invested in other Canadian companies, including Canada Goose, Dollarama and BRP as well as leading payments companies such as Finix, Flywire, Nets and Worldpay.
Read more/Source: PE hub
