HopSkipDrive, Ridesharing Company for Kids, Doubles Fundraising

Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.

HopSkipDrive, Ridesharing Company for Kids, Doubles Fundraising

HopSkipDrive, the Los Angeles-based ridesharing company for kids, announced Tuesday it has raised an additional $22 million in funding to continue to fuel its expansion into new markets.

The company was founded in 2014 by three L.A. working moms wrestling with how to transport their overscheduled kids to and from school and all their soccer games and violin lessons. It now operates in 13 markets in eight states plus Washington D.C., up from five markets in two states a year ago.


"The capital will really help us expand to more markets and service as many kids as we can," co-founder and CEO Joanna McFarland told dot.LA in an interview Tuesday.

HopSkipDrive does not view Uber and Lyft as competitors because those services bar riders under 18 (though it is debatable how strictly that rule is enforced.) Riders can be as young as six on HopSkipDrive, and drivers have to pass a rigorous 15-point screening process.

McFarland said L.A. is still the company's number one market, but she is seeing strong growth in Denver, Seattle, Dallas, and Houston.

Most recently, HopSkipDrive entered Las Vegas last month and announced a partnership with Clark County Child Welfare Services. The company won't enter a market until it has such partnerships in place, which account for the "vast majority" of its revenue, according to McFarland. HopSkipDrive now has contracts with 200 schools, districts, and counties, including Los Angeles County, Seattle Public Schools, and Green Dot Public Schools.

Interestingly, 90% of drivers are female. The company did not set out for that to be the case but by virtue of requiring its drivers to have at least five years of experience as a child caregiver, it has ended up with few males.

For customers used to summoning rides in minutes on other apps after a few taps on a smartphone, one of HopSkipDrive's limitations has been a requirement that users have to book rides eight hours in advance. "We'll continue to narrow that gap - that booking window," McFarland said.

Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, FirstMark Capital and Greycroft participated in the round, which doubles the company's fundraising total.

In November, HopSkipDrive relocated to a new headquarters in the ROW DTLA, where it has about 100 employees and is looking to add more.

"We're hiring," McFarland said. When asked what positions the company is looking to fill, she quickly replied: "Everything!"

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Greater Good Health Raises $10 Million To Fix America’s Doctor Shortage

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Greater Good Health Raises $10 Million To Fix America’s Doctor Shortage
Courtesy of Greater Good Health

The pandemic highlighted what’s been a growing trend for years: Medical students are prioritizing high-paying specialty fields over primary care, leading to a shortage of primary care doctors who take care of a patient’s day-to-day health concerns. These physicians are a cornerstone of preventative health care, which when addressed can lower health care costs for patients, insurers and the government. But there’s a massive shortage of doctors all over the country, and the pipeline for primary care physicians is even weaker.

One local startup is offering a possible answer to this supply squeeze: nurse practitioners.

On Wednesday, Manhattan Beach-based Greater Good Health unveiled $10 million in new funding led by LRVHealth, adding to $3 million in seed funding raised by the startup last year. The company employs nurse practitioners and pairs them with doctor’s offices and medical clinics; this allows nurse practitioners to take on patients who would otherwise have to wait weeks, or even months, to see a doctor.

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Plus Capital Partner Amanda Groves on Celebrity Equity Investments

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
PLUS Capital​’s Amanda Groves.
Courtesy of Amanda Groves.

On this episode of the L.A. Venture podcast, Amanda Groves talks about how PLUS Capital advises celebrity investors and why more high-profile individuals are choosing to invest instead of endorse.

As a partner at PLUS, Groves works with over 70 artists and athletes, helping to guide their investment strategies. PLUS advises their talent roster to combine their financial capital with their social capital and focus on five investment areas: the future of work, future of education, health and wellness, the conscious consumer and sustainability.

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