Swing Education connects certificated and/or credentialed substitute teachers with K-12 schools (business-to-business [B2B]). The company recruits, screens, and invests in a large number of substitute teachers and develops technology that matches them with schools in need. Besides filling short-term absences, Swing Education also fills long-term absences. Additionally, the company fills non-credentialed positions such as for paraprofessionals, teacher’s aides, and after-school activities. The company charges 25% of the substitute teacher’s fee.
Due to the pandemic, however, Swing Education lost over 90% of its revenue, according to CEO Mike Teng. This led to the company launching Swing Tutors in May 2020, an online tutoring service for K-12 students, bringing qualified and experienced substitute teachers directly to students (business-to-consumer [B2C]), and Bubbles (around July 2020), which matches parents with a qualified, experienced K-12 teacher hired by the company to provide in-home education for a learning pod of two to eight students (B2C).
Funding and financials
In June 2023, the firm raised USD 38 million in a Series C funding round led by Apax Partners and Reach Capital to address the nationwide substitute teacher shortage and expand the platform's reach.
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