Share Ave, Inc.

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Share Ave, Inc. - overview

Location

San Francisco, CA-California, US

Primary Industry

Internet

About

Share Ave, Inc. operates as a provider of management solutions for after-school enrichment programs, streamlining administrative processes for schools and enhancing the experience for families. Share Ave, Inc. focuses on offering management solutions tailored for after-school enrichment programs.


The company is headquartered in San Francisco, US. Share Ave, Inc. was founded by Casandra Stewart, Kishore Doddi, RJ Ruggles, and Sophie Barker. The company raised USD 3.


5 mn in Seed funding on June 25, 2019, led by Forerunner Ventures, with participation from Felicis Ventures, Kapor Capital, and Precursor Ventures, totaling USD 3. 5 mn raised to date. Homeroom provides a comprehensive suite of management solutions designed for after-school enrichment programs, aimed at simplifying administrative processes for schools and enhancing user experience for families. Their core offering encompasses intuitive, mobile-friendly registration systems that facilitate seamless enrollment, billing, and program management.


The platform also supports functions such as attendance tracking, communication tools for family engagement, and financial reporting, all designed to alleviate administrative burdens and streamline operations for educational institutions. Homeroom primarily serves independent and public schools, as well as educational districts in urban and suburban areas of the United States. Homeroom generates revenue through a subscription-based model, wherein schools and educational organizations pay for access to its suite of management tools and services. The company customizes pricing plans based on client needs, which include options for managing discounts, scholarships, and tailored reporting functionalities.


As schools enroll students in programs using the Homeroom system, the firm facilitates one-click refund options and automated billing processes, primarily engaging in B2B relationships with educational institutions. Share Ave, Inc. plans to leverage the recent Seed funding of USD 3. 5 mn raised in June 2019 to further enhance its platform.


The company is focusing on developing new features to improve user engagement and streamline operations for schools. Additionally, there are aspirations to expand into new geographic areas to reach a broader audience by targeting urban markets across the United States, although specific regions and timelines for these expansions have yet to be detailed.


Current Investors

Forerunner Ventures, Felicis Ventures, Kapor Capital

Primary Industry

Internet

Sub Industries

Human Resources Services, Education & Training Website, Web Applications

Website

www.homeroom.com

Verticals

EdTech

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Share Ave, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
SeedCompletedShare Ave, Inc.-

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Share Ave, Inc. - employee data

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