Pumpspotting Directs $2.2M in Funding to Scaling Enterprise
Pumpspotting, Inc., a breastfeeding and pumping support platform, has secured $2.2 million in funding from a Series Seed II round. The round was led by Sincere Corporation and Maine Venture Fund, the investment round also saw participation from Unum Business Ventures and Maine Technology Institute.
The new funding aims to accelerate pumpspotting’s enterprise capabilities and broaden their commercial product offerings. One of the planned launches is pumpspotting Health Care, which aims to extend the platform’s services to the retail and healthcare sectors.
Pumpspotting’s mission is crystal clear: they partner with organizations of all sizes to create havens for women and families to feed and be fed. They achieve this with a tech-enabled program that aids companies in establishing inclusive, feeding-friendly cultures. It provides continuous, community-centric support and expert guidance to parents, while also helping companies adhere to federal, state, and city laws concerning lactation support. The platform serves as a bridge between employers and parents, making the complex baby-feeding journey a bit easier for everyone involved.
Their research-driven approach ensures that their solutions are not only effective but also user-friendly. This accessibility makes it feasible for organizations of all sizes to implement breastfeeding-friendly policies and spaces, thereby making a positive difference in the lives of their employees and customers. Founded in 2015, pumpspotting has already had a significant impact by serving over 70,000 parents and partnering with companies to implement extensive lactation programs. These programs don’t just meet compliance standards; they actively contribute to creating an inclusive environment and demonstrate a firm commitment to supporting women and families.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.