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Kango, a ride-hailing service for kids, is expanding thanks to new investment

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Parents everywhere can breathe a sigh of relief, because Kango, the kids’ ride-hail app that doubles as a childcare service, may be coming to help soon.

Today the service announced a $3.6 million Series A funding round, led by National Express, the transportation group best known for providing rides to the airport and transporting 1.2 million students to school on a daily basis. It’s probably a good investment as Kango has reached what finance wonks call “positive unit economics,” meaning they make money on every ride.

Like its competitors in the space, HopSkipDrive and Zūm,........

© Fast Company