Binti

Binti

Mobile platform for child welfare agencies

About Binti

Simplify's Rating
Why Binti is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Social Impact

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$45M

Headquarters

Oakland, California

Founded

2016

Overview

Binti offers a mobile-friendly platform designed to improve the operations of child welfare agencies. The platform streamlines various processes such as licensing, placements, case management, and family engagement, making it easier for agencies to manage their work. It allows families to apply online and helps agency staff track important tasks like background checks and training renewals. Binti's platform integrates securely with other systems, enhancing its functionality. Unlike many competitors, Binti focuses specifically on the child welfare sector and has established a strong presence, working with over 400 agencies across 34 states and serving more than 100,000 children. The company's goal is to promote better outcomes for children in care while saving social workers time through efficient technology.

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Simplify's Take

What believers are saying

  • Binti's expansion to 34 states shows strong demand for its mobile-friendly solutions.
  • The trend towards digital transformation in government services boosts demand for Binti's SaaS.
  • Public-private partnerships in tech create new funding opportunities for Binti.

What critics are saying

  • Increased competition from new entrants in the child welfare technology sector.
  • Potential regulatory challenges due to varying state-specific regulations and standards.
  • Reliance on government contracts, which are vulnerable to political changes and budget cuts.

What makes Binti unique

  • Binti offers a comprehensive platform covering all aspects of child welfare management.
  • The platform integrates securely with systems like Medicaid, enhancing its utility for agencies.
  • Binti's software has led to an 80% increase in family licensing for agencies.

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Funding

Total Funding

$45M

Above

Industry Average

Funded Over

1 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$45M
Binti
$65M
Substack
$100M
ClickUp

Benefits

An above-market compensation package (salary + equity)

Medical, dental, vision, & life insurance

Flexible vacation time

Paid parental leave

Paid holidays

Sick leave

401(k)

Commuter benefits

$5,000 annual bonus for employees who volunteer as a CASA

Learning & development reimbursements

Trainings/conferences, on-site speaker series, & lunch and learns

Virtual home office setup reimbursements

Remote work stipend

Paid Jury Duty

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

0%
PR Newswire
Dec 12th, 2024
Jesse Draper'S Halogen Ventures Partners With Innovate Alabama To Invest $10 Million In Female Founders In Alabama

Calling all of the best female founders, CEOs and tech minds in Alabama LOS ANGELES, Dec. 11, 2024 /PRNewswire/ -- Halogen Ventures, Jesse Draper's venture capital fund focused on early stage startups with a woman on the founding team, is announcing today a ten million dollar investment to build the pipeline of female founders in Alabama. Halogen is the first out-of- state venture capital firm to receive funding from Innovate Alabama, a statewide public-private partnership dedicated to advancing entrepreneurship, technology, and innovation in Alabama. The investment is through InvestAL, Innovate Alabama's venture capital program made possible by the State Small Business Credit Initiative, and will catalyze Halogen's growing impact on the Alabama startup ecosystem, specifically supporting female founders tackling global problems

U.S. Securities and Exchange Commission
Oct 29th, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Technext
Jan 12th, 2022
Binti, Inc. recognized as Best Feature at Zanzibar International Film Festival

Directed by Seko Shamte, Binti won Best Feature at the Zanzibar International Film Festival.

Nafiny
Jun 11th, 2021
Binti launches simple online application process for prospective foster parents

NAFI New York has partnered with the mission driven technology company Binti to launch a simple online application process for prospective foster parents.

NAFICT
Jun 8th, 2021
Nafi Connecticut Inc partners with Binti, Inc.

NAFI Connecticut, Inc., has partnered with the mission driven technology company Binti to launch a simple online application process for prospective foster parents.

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