About Hoot Reading
Hoot Reading is a company based in Winnipeg (Canada) founded in 2018.. Hoot Reading has raised $2.42 million across 1 funding round from investors including Jeff Fettes, Greg Fettes and Neil Jaffe. The company has 49 employees as of December 31, 2024. Hoot Reading offers products and services including High-Impact Tutoring, Reading Intervention, Assessments & Reporting, and Family Memberships. Hoot Reading operates in a competitive market with competitors including Yondemy, Ruckus Learning, VoxiKids, Maneno and PlaBook, among others.
- Headquarter Winnipeg, Canada
- Employees 49 as on 31 Dec, 2024
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Sectors
Education
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Hoot Reading Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.42 M (USD)
in 1 rounds
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Latest Funding Round
$2.42 M (USD), Seed
Oct 19, 2021
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Investors
Spin Master Ventures
& 3 more
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Employee Count
49
as on Dec 31, 2024
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Products & Services of Hoot Reading
Hoot Reading offers a comprehensive portfolio of products and services, including High-Impact Tutoring, Reading Intervention, Assessments & Reporting, and Family Memberships. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers personalized 1:1 reading lessons to enhance student literacy skills.
Provides programs for struggling readers to catch up and improve.
Offers tools to assess and track reading progress for students.
Enables home-based tutoring for families to support reading development.
Funding Insights of Hoot Reading
Hoot Reading has successfully raised a total of $2.42M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.42 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.4M
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First Round
First Round
(19 Oct 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - Hoot Reading | Valuation | Spin Master |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hoot Reading
Hoot Reading has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Jeff Fettes, Greg Fettes and Neil Jaffe. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Spin Master Ventures is focused on investing in innovative startups within the children's entertainment sector.
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Founded Year | Domain | Location | |
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JF
Jeff Fettes |
Angel investor and entrepreneur, founder of BuildEmpire, focused on tech startups
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Founded Year | Domain | Location |
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GF
Greg Fettes |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hoot Reading
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hoot Reading
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hoot Reading Comparisons
Competitors of Hoot Reading
Hoot Reading operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yondemy, Ruckus Learning, VoxiKids, Maneno and PlaBook, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-driven platform offering reading proficiency solutions for kids
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| domain | founded_year | HQ Location |
Educational mobile content for children is created via brand partnerships.
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| domain | founded_year | HQ Location |
Speech therapy for children is delivered through a mobile application.
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| domain | founded_year | HQ Location |
Storybooks for children and classroom teaching
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| domain | founded_year | HQ Location |
AI-based educational solutions for children's reading instruction are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hoot Reading
Frequently Asked Questions about Hoot Reading
When was Hoot Reading founded?
Hoot Reading was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Hoot Reading located?
Hoot Reading is headquartered in Winnipeg, Canada. It is registered at Winnipeg, Manitoba, Canada.
Is Hoot Reading a funded company?
Hoot Reading is a funded company, having raised a total of $2.42M across 1 funding round to date. The company's 1st funding round was a Seed of $2.42M, raised on Oct 19, 2021.
How many employees does Hoot Reading have?
As of Dec 31, 2024, the latest employee count at Hoot Reading is 49.
What does Hoot Reading do?
Hoot Reading was founded in 2018 in Winnipeg, Canada, as a SaaS platform focused on educational services for children. Reading solutions, tutoring options, and structured learning programs are offered through the platform. Operations center on digital delivery of these resources, targeting early education needs in the edtech sector. The company maintains its base in Canada while serving users online.
Who are the top competitors of Hoot Reading?
Hoot Reading's top competitors include Maneno, Bugali and Ruckus Learning.
What products or services does Hoot Reading offer?
Hoot Reading offers High-Impact Tutoring, Reading Intervention, Assessments & Reporting, and Family Memberships.
Who are Hoot Reading's investors?
Hoot Reading has 4 investors. Key investors include Jeff Fettes, Greg Fettes, Neil Jaffe, and Spin Master Ventures.