# SupportKids

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

- Industry: Consumer Services
- Headquarters: Austin, US
- Website: www.supportkids.com
- Total disclosed funding: $12M
- Latest round: Series C (Feb 22, 2006)
- Investors on record: 3

## About

SupportKids Inc. is a specialized company focused on child support collection, delivering effective solutions to custodial parents seeking to recover owed payments from non-custodial parents across the United States.Founded in 1991 and headquartered in Austin, US, SupportKids Inc. operates as the largest private child support collection agency in the nation. The firm has successfully raised a total of USD 2.73 mn, with its most recent funding occurring in February 2006 during a Series C round led by Austin Ventures, J.H. Whitney Capital Partners, and Private Equity Partners. The company has executed 3 different deals since inception, showcasing its sustained operational focus on child support services.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. By utilizing innovative collection tools and maintaining manageable caseloads, SupportKids aims to provide swift and effective child support recovery solutions.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. This results-driven approach fosters trust with clients, as they only incur costs based on successful outcomes.In February 2006, SupportKids Inc. raised USD 2.73 mn in Series C funding, which will be utilized to enhance its technological capabilities for collection processes and to develop new tools aimed at improving outreach and collection efficiency. 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.

## Funding rounds

- Series C, Feb 22, 2006, $2.7M — Austin Ventures, J.H.Whitney Capital Partners, Private Equity Partners
- Series B, Mar 14, 2000, $9M — Austin Ventures, J.H.Whitney Capital Partners
- Series A, Nov 1, 1997 — Austin Ventures

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A, Series B, Series C
- J.H.Whitney Capital Partners (https://capitalatlas.ai/funds/j-h-whitney-capital-partners) — Series B, Series C
- Private Equity Partners (https://capitalatlas.ai/funds/private-equity-partners) — Series C