What is Binti?
Binti is a mission-driven software company dedicated to revolutionizing the child welfare system. By providing modern tools, Binti empowers social workers to streamline the adoption and foster care processes, ultimately aiming to help every child find a safe and loving family. The platform is currently utilized by over 100 child welfare agencies, enabling them to increase family permanency by reducing administrative burdens on social workers, allowing them to concentrate more on direct family and child support.
How much funding has Binti raised?
Binti has raised a total of $57.4M across 4 funding rounds:
Angel/Seed
$2M
Series A
$10M
Debt
$350K
Series B
$45M
Angel/Seed (2015): $2M with participation from First Round Capital
Series A (2019): $10M led by SV Angel and Founders Fund
Debt (2020): $350K supported by PPP
Series B (2021): $45M featuring Rethink Impact, Lowercase Capital, and Allen & Company
Key Investors in Binti
Rethink Impact
Rethink Impact is a venture capital firm that invests in entrepreneurs and technology platforms focused on creating ecosystems of change, targeting leaders who leverage technology to address significant global challenges across various sectors.
Lowercase Capital
LOWERCASE Capital is an investment firm that focuses on supporting innovative startups and entrepreneurs by providing strategic guidance and capital to help businesses grow and succeed.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses by providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for Binti?
With its recent major strategic investment and substantial total funding, Binti is well-positioned for significant scaling and further innovation within the child welfare technology sector. This capital infusion will likely support the expansion of its platform's capabilities, enhance its reach to more agencies, and potentially drive further technological advancements in data management and workflow optimization for social services. The company's focus on improving child permanency through technology suggests a continued trajectory of growth and impact in a critical social sector.
See full Binti company page
