Preschool Software Firm Brightwheel Tops $600 Million Value (1)

Brightwheel, a startup that provides technology to preschools, said it’s valued at more than $600 million after a $55 million funding round.

The investment in the San Francisco-based company was led by Lee Fixel’s venture capital firm Addition. Laurene Powell Jobs’s Emerson Collective and Jeff Weiner’s Next Play Ventures also participated in the round. The company’s earlier investors include GGV Capital, Bessemer Venture Partners and Eniac Ventures, as well as Mark Cuban, who invested in Brightwheel after the founder appeared on the entrepreneur-oriented television show “Shark Tank.”

Brightwheel’s app is used by preschools, daycare centers ...