Circle Fills In New Funding Round
Circle Media Labs, which makes software to control screen time for children and offers other family time management solutions for parents, announced it landed $20 million in Series B funding.
Two large tech and communications companies, T-Mobile and Netgear, made strategic investments in the startup. They join new participant Third Kind Venture Captial and older investors from its Series A round, Relay Ventures and others.
Circle Media will use this investment to fuel continued growth of its brand awareness and overall platform through a range of offerings, which includes “direct to consumer software and hardware products, cloud solutions delivered through mobile carrier partners, and embedded solutions delivered through OEM router partners.”
Circle Media, formed in 2014, helps families set healthy screen time limits, develop good online habits, and better manage digital experiences. The company says it has already helped hundreds of thousands of families manage their tech (connected TV’s, internet, smartphones and more) in a healthy and balanced way.
“There is a pressing need for parents to have an easy-to-use solution to manage screen time for their family,” said Circle Media’s Co-Founder and CEO Lance Charlish in a statement. “This investment supports our company’s goal to build brand awareness and inform consumers that Circle is the most comprehensive solution for families in an increasingly technology-driven world. We remain committed to our mission to make families’ lives better online and off.”