Swing Education raises $38 million in Series C funding led by Apax and Reach Capital

Image Credits: UnsplashSwing Education, a San Francisco-based online marketplace that connects schools and substitute teachers, announced $38 million in Series C funding. The funding round was led by funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm, and by edtech investment firm Reach Capital.This financing follows a 2018 Series B funding co-led by GV (formerly Google Ventures) and Owl Ventures and a seed round from a consortium that included Social Capital, Kapor Capital, Moment Ventures, Ulu Ventures, Red House Education, and Edovate Capital.Since its founding in 2015, Swing has worked to improve the experience of being a substitute teacher and made it easier for K-12 schools to grow and manage their substitute teacher pools. Swing said it currently works with over 2,800 school partners and in the 2022-23 school year has supported these schools in filling over one million instructional hours with substitute teachers.“We’re thrilled to have Apax Partners and Reach Capital as strategic investors,” said Mike Teng, CEO of Swing Education. “The need for substitute teachers is acute. This additional funding highlights the current strain on our schools and positions Swing to grow our impact, placing even more substitute teachers in even more classrooms.”Swing currently operates in California, Arizona, Texas, Illinois, New York, New Jersey, and Washington, D.C. and will use this latest funding round to grow its substitutes and school partners in these regions. Swing will look to expand to new regions in 2024.