Happy Friday!
Edtech: Bain Capital is leading an investment into HiMama, a software provider for childcare centers, through its Double Impact fund platform. The company provides a software platform for childcare centers.
The investment will enable the company to expand its offering to childcare centers in Canada and the US, as well as grow through acquisition. Bain led the $70 million Series B funding round, with participation from existing investors Round13 Ventures and Business Development Bank of Canada, writes Aaron Weitzman on the Hub today. Read more here.
Update: Yesterday we talked about Equality Asset Management. We have some updated info for you — the firm continues to raise its debut fund, which has closed on more than $200 million. The firm also chose to go with a more mainstream fee/carry arrangement, rather than the 5 percent hard hurdle it had talked about early in the fundraising. The firm made the decision after talks with LPs, according to a person with knowledge of the firm.
That’s it for me! Have a great weekend. Hit me up with tips n’ gossip, feedback and The Drama at [email protected] or over on LinkedIn.
Read the full wire commentary on PE Hub...
