SupportKids
Latest round
- Series C
Last raised
- Feb 2006
Total raised
- $12M
Investors
- 3
About SupportKids
SupportKids Inc.Founded in 1991 and headquartered in Austin, US, SupportKids Inc. operates as the largest private child support collection agency in the nation.H. Whitney Capital Partners, and Private Equity Partners.SupportKids is the largest private child support collection company in the United States, providing tailored services to assist custodial parents in recovering owed child support from non-custodial parents. The company focuses exclusively on child support collection, employing a personalized collection strategy that accommodates the unique circumstances of each case. SupportKids serves a diverse client base, including single parents and guardians who are owed a minimum of USD 2,000 in unpaid child support and who have not received payments recently. The company operates nationally, targeting various geographical markets across the United States, and offers its services as an alternative to government child support enforcement agencies.SupportKids generates revenue primarily through a contingency fee structure, wherein 34% of the collected payments are retained as fees for their services. This model ensures that custodial parents pay nothing out of pocket unless SupportKids successfully recovers child support payments on their behalf. The typical transaction involves clients enrolling in SupportKids' services, after which the company initiates collection efforts against the non-custodial parent. The revenue is directly tied to the successful recovery of owed child support, and clients receive regular updates on the status of their cases through secure online accounts.In February 2006, SupportKids Inc. The company aims to expand its services into additional markets across the Midwest and Northeast by the end of 2024, targeting specific states where the demand for child support recovery services is high.
Who invested in SupportKids
3 investors across 3 rounds
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Questions about SupportKids
Who invested in SupportKids?
SupportKids has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SupportKids raised?
SupportKids has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did SupportKids last raise money?
SupportKids's most recent round on record is a Series C, in Feb 2006.
What does SupportKids do?
SupportKids is a consumer services company.
Where is SupportKids headquartered?
SupportKids is headquartered in Austin, US.
Which VCs invest in companies like SupportKids?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer services companies at SupportKids's stage. Their profiles are linked below.
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