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Procare

“Can Procare become the end-to-end financial operating system for the fragmented US child care industry?”

Founded1992
HQDenver, CO, USA
Latest roundAcquired by Roper Technologies for ~$1.75B (Jan 2024)
Valuation$1.75B (acquisition price, 2024)
IndustryVertical SaaS / Child Care
The story

Founded in 1992 as desktop child care management software, Procare has evolved into a cloud-based operating system for 40,000+ child care centers. It layered in proprietary integrated payment processing (as a registered ISO of PNC Bank) and, in 2024, partnered with Check to embed payroll — turning it into a broader financial-workflow platform for the childcare vertical. Roper Technologies acquired the business in early 2024 for ~$1.75B, and 2025 brought a combination with Playground plus AI-driven features like RoomRunner.

Last 12 months
2024-01
2025-01
Product timeline
1992
Procare founded to build child care management software.· founding
2024
Acquired by Roper Technologies for ~$1.75B.· acquisition
2024
Partnered with Check (CheckHQ) to embed payroll into the Procare platform.· payroll
2025
Announced merger/joining with Playground for child care management.· acquisition
2026
Launched RoomRunner, an AI-assisted enrollment planning experience.· product
Acquisitions
Playground2025
Combining forces to expand child care management solutions.
source ↗
Regulated entities
1
regulatory licence held by Procare
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Procare’s embedded-finance stack
Payments / PSP
Procare Payments (self-operated)PNC Bank, N.A.
Card network
in the full report
Payroll
in the full report
KYC
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
7 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.