“Can a technology-driven substitute staffing marketplace become the operating system for K-12 absence management across the United States?”
Founded in 2015 as a technology-driven on-demand marketplace for substitute teachers in California, Swing Education expanded progressively to seven states and Washington D.C. The company evolved from a simple marketplace into a full-service staffing platform with budget management, dynamic pricing, overnight absence monitoring, and quality scoring. In 2024 it launched AI-powered tooling (SubPlan.ai) for subs, and in 2025 shifted to a growth-loan financing model (Runway Growth Capital) rather than further equity dilution, signaling a move toward profitability-focused scaling.
Swing Education's lending and capital products are provided by Runway Growth Capital.
Swing Education's payroll is powered by UKG.
Swing Education's embedded insurance is provided by Stride Health.
The Embedded Finance Index 2026 maps 4 layers in Swing Education's stack: Lending (Runway Growth Capital, Term loan and Revolving credit line); Payroll (UKG); Insurance (Stride Health); Unified APIs (UKG).
Swing Education was founded by Mike Teng and Asha Choksi and is founded in 2015, headquartered in San Mateo, California, USA.
Swing Education has raised $53M+ (equity) + $20M growth loan in total (latest round: Series C, 2023).
Get a read on where your own stack stands against Swing Education and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.