Kango: Kango, A Ride-Sharing Service For School-Age Kids, Raises $3.6M In Series A

The kids' ride sharing service Kango scored $3.6 million in Series A, the company announced. National Express, a transportation firm that operates a fleet of more than 25,000 vehicles and serves 600 school districts in 30 states, led the round.As part of the agreement, David A. Duke, CEO emeritus of National Express, is joining Kango's board.The funding announcement comes in the wake of the recent $40 million secured by another child ride-sharing service, Zum, and demonstrates growing investor appetite for services that shuttle kids around.Additionally, the raise shows how the fledgling sector is expanding from an Uber-like private mobility service into the school transportation market. Around 23 million school-age children between kindergarten and 12th grade get to school by car each day, according to Duke.Although it's difficult to put a dollar value on the potential market, Duke said the rideshare space overlaps with the child care market, valued at around $43 billion, and the school transportation market, which clocks in around $24 billion."We think this is a huge space," Duke told FreightWaves. "We think Kango taps into growing and unmet need in that marketplace, and frankly we'd like to be ...Full story available on Benzinga.com