# Springtide Child Development

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/springtide-child-development

- Industry: Healthcare
- Headquarters: US
- Website: www.myspringtide.com
- Total disclosed funding: $18M
- Latest round: Series A (Oct 26, 2020)
- Investors on record: 2

## About

Based in the US, Springtide Child Development, Inc. focuses on providing innovative developmental solutions and services aimed at enhancing children's growth and wellness through specialized programs.Springtide Child Development, Inc. was founded in 2020 and operates in the US, providing child development services. The company has received a total of USD 18.10 mn across two funding rounds, with the most recent being a Series A round on April 18, 2023, led by investors including Deerfield Management and Optum Ventures. The founder's specific background is not available, and there are no mentions of pivots or subsidiaries.Springtide's core services include a suite of innovative digital tools designed to enhance user engagement and operational efficiency within the child development sector. These solutions consist of mobile applications and web platforms that facilitate interactions between children, parents, and service providers. Their end users include families seeking developmental support as well as educational institutions looking to improve their service delivery. The company serves markets primarily in North America and Europe, tailoring solutions based on regional behaviors and preferences.Springtide generates revenue through a direct-to-consumer subscription model, allowing customers to access premium content and features for a recurring fee. Strategic partnerships with educational and child development providers enable cross-promotion, further expanding their market reach. The pricing structure is designed to accommodate various service tiers, providing flexibility for both individual families and organizational clients. This transactional framework aims to build long-term customer relationships while driving consistent revenue growth through subscriptions and alliances.In April 2023, Springtide Child Development, Inc. was acquired by Cortica Inc. This acquisition will enable Cortica to integrate its medical model into Springtide's operations, facilitating the expansion of value-based care agreements in the Northeast. Future growth initiatives include the development of new programs tailored for child development and wellness, with plans to launch these offerings by the end of 2024. Additionally, Springtide aims to expand its services into new geographic markets, particularly in the Southern US and parts of Canada, leveraging the recent funding to support these strategic initiatives.

## Funding rounds

- Series A, Oct 26, 2020, $18M — Deerfield Management, Optum Ventures

## Investors

- Deerfield Management (https://capitalatlas.ai/funds/deerfield-management) — Series A
- Optum Ventures (https://capitalatlas.ai/funds/optum-ventures) — Series A