# PresenceLearning

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/presencelearning

- Industry: Education/Training
- Headquarters: New York, US
- Website: www.presencelearning.com
- Total disclosed funding: $64M
- Latest round: Series D (May 14, 2020)
- Investors on record: 9

## About

PresenceLearning, Inc. provides innovative teletherapy solutions for PreK-12 educational institutions, enhancing access to essential therapeutic services through advanced technology and a dedicated platform.Founded in 2009 in New York, US, PresenceLearning, Inc. specializes in teletherapy services tailored for educational institutions. The company's CEO is Kate Walker, with Jack Lynch as the founder. The company has undergone strategic investments, with its latest funding round being a Series D in December 2021, raising USD 26.00 mn from Bain Capital and others, bringing the total amount raised to USD 26.00 mn and a current valuation of USD 57.88 mn.PresenceLearning specializes in delivering innovative teletherapy solutions targeted at PreK-12 educational institutions. The core product is the Kanga Therapy Platform, an interactive software designed to facilitate engaging and clinically effective therapy sessions, including speech-language therapy, mental health counseling, psychoeducational assessments, and occupational therapy. This platform streamlines service delivery by providing clinicians with tools for scheduling, documentation, and access to a curated library of therapeutic resources. Presence’s services primarily cater to schools, clinicians, and independent practitioners across the United States, aiming to enhance the delivery of essential therapeutic services to students with diverse needs. The company’s technology is designed to improve accessibility and engagement in therapy sessions, addressing the growing demand for mental health and educational support in schools.Presence generates revenue through a model that includes subscription fees for access to the Kanga Therapy Platform and partnership agreements with educational institutions. Schools and districts may engage in annual contracts to utilize teletherapy services, ensuring continued access to licensed clinicians who provide personalized therapy to students. Revenue streams are further supplemented by clinician partnerships that allow independent practitioners to join Presence's network, creating additional opportunities for client engagement and service delivery. Pricing structures involve tiered subscription plans that cater to varying levels of service usage and client needs, facilitating scalable access to their offerings. The revenue model is designed to provide sustainable income while ensuring that a broad range of educational institutions can benefit from their teletherapy solutions.Following a majority stake acquisition by Spectrum Equity and TPG in December 2021, PresenceLearning, Inc. intends to leverage this new investment to enhance its technology for therapists and expand the scope of student services. Upcoming initiatives include the development of additional features for the Kanga Therapy Platform and geographic expansion into new educational markets. These efforts will aim to accelerate growth and address the increasing demand for teletherapy services in schools, supporting the company's goal of providing extensive therapeutic resources to students.

## Funding rounds

- Series D, May 14, 2020, $26M — Bain Capital, Catalyst, Catamount Ventures, New Markets Venture Partners
- Series C, Nov 19, 2015, $25M — Catalyst, Catamount Ventures, New Markets Venture Partners, Blue Heron Capital, Birchmere
- Series B, Apr 25, 2013, $8M — Catamount Ventures, Allen & Company, New Markets Venture Partners, Blue Heron Capital, Calvert Research and Management, Birchmere
- Series A, Sep 7, 2011, $0.3M — Catamount Ventures
- Series A, Jan 5, 2011, $3.9M — Catamount Ventures
- Seed, Nov 10, 2010, $0.7M — Ulu Ventures

## Investors

- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed
- Catamount Ventures (https://capitalatlas.ai/funds/catamount-ventures) — Series A, Series B, Series C, Series D
- Allen & Company — Series B
- New Markets Venture Partners (https://capitalatlas.ai/funds/new-markets-venture-partners) — Series B, Series C, Series D
- Blue Heron Capital (https://capitalatlas.ai/funds/blue-heron-capital) — Series B, Series C
- Calvert Research and Management — Series B
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Series B, Series C
- Catalyst (https://capitalatlas.ai/funds/catalyst) — Series C, Series D
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series D