Developer docs
API playgroundTry for free, no card

Search company profiles

Brightwheel

Full company profile

uuid0002sof

Namestring
Brightwheel
Legal namestring
Brightwheel
Company typeenum
Private
Founded yearint
2015
Descriptiontext

Brightwheel is a San Francisco-based, venture-backed vertical SaaS company that provides an all-in-one management platform for preschools, childcare centers, in-home providers, camps and afterschool programs, and Montessori programs across the United States and Canada. The platform consolidates enrollment and admissions, attendance and check-in, billing and payments (PCI Level 1 compliant via Stripe), staff scheduling and payroll, parent communication, CACFP-compliant menu planning, and learning and curriculum delivery into a single web and mobile (iOS/Android) application, supported by 1:1 onboarding with data migration in under 24 hours. Core proprietary assets include the Experience Curriculum and Experience Assessments, acquired in April 2023 through the purchase of Experience Early Learning, with assessment validity independently confirmed by Johns Hopkins University across eight developmental domains and 73 sub-skills. The company holds TX-RAMP certification for state-government deployments and operates a distributed US workforce of 400+ employees.

Brightwheel monetizes through tiered monthly SaaS subscriptions with custom pricing based on center size, location count, and feature requirements (pricing is not publicly disclosed and is obtained via demo request). Its go-to-market combines a sales-led direct motion targeting preschool directors, administrators, and owners with product-led growth (mobile app downloads, free calculators, self-serve onboarding) and a community-led layer (webinars, blog content, customer stories), supplemented by a government and network partner channel for statewide deployments. Reported metrics include $37.5M ARR as of December 2024, a $545M valuation, millions of educators and families on the platform, 150,000+ reviews averaging 4.9 stars, and disclosed funding of approximately $88.8M across seed through Series C rounds led by Eniac, RRE Ventures, Notable Capital, Bessemer Venture Partners, and Addition.

Short descriptiontext

Brightwheel is a vertical SaaS platform that provides all-in-one management software for preschools, childcare centers, and in-home providers, covering enrollment, billing, parent communication, curriculum, and payroll across the US and Canada.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersSan Francisco, United States
HQ citystring
San Francisco
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
childcare management software, preschool administration platform, early education SaaS, childcare billing software, preschool enrollment system
NAICS code2 codes
  • Educational Support Services61171
  • Educational Support Services611710
SIC code1 code
  • Services-Prepackaged Software7372
Product category
Childcare Management Software
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model1 record
1SaaS Subscription
TypeSubscription Recurring
Description

Subscription-based pricing model for childcare management software. Tiered plans based on program size and features. Requires contacting sales for specific pricing.

mybrightwheel.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Pricing details1 tier
1Custom enterprise pricing
ModelSubscriptionBilling cadenceMonthly
Notes

No specific tiers disclosed publicly. Pricing varies based on center size, number of locations, and feature requirements. Users must request a demo for pricing.

mybrightwheel.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 of 3 records shown
1Experience Early Learning
Description

Curriculum provider acquired by Brightwheel offering physical and digital learning tools for early childhood education

businesswire.com
+2 more records
Core offering1 text field

Brightwheel is an all-in-one cloud-based SaaS platform that gives preschools, childcare centers, multi-site operators, in-home providers, and government network partners a single system to manage enrollment, billing and payments, family and staff communication, attendance, curriculum delivery, assessments, payroll, scheduling, and compliance reporting. Revenue is generated through tiered monthly subscriptions with custom pricing based on center size and feature requirements, distributed via direct sales, mobile apps, and partner channels.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • Saves 20 hours per month per center on administrative tasks
+4 more records
Product overview1 text field

Brightwheel is a unified all-in-one early childhood education platform combining a core management system with integrated modules for Billing & Payments, Communication, Learning & Curriculum (including Experience Curriculum and Experience Assessments from its 2023 acquisition of Experience Early Learning), Childcare Management (enrollment, attendance, health checks), Payroll, Staff Scheduling, Classroom Management, Menu Planning/CACFP, Custom Reports, and Multi-Site Management. The platform is accessed via web and mobile apps (iOS/Android), with specialized features like Room Device Mode for shared tablets and an Organization Dashboard for multi-location operators. Announced 2026 features include CRM, Enrollment Forecasting, Brightwheel AI, and Point-of-Sale in-person payments.

Product and service2 records
1Brightwheel Platform
CategoryCore SaaS platform
Description

An all-in-one cloud-based SaaS platform that gives preschools, childcare centers, multi-site operators, in-home providers, and government network partners a single system to manage enrollment, billing and payments, family and staff communication, attendance and check-in, curriculum delivery, assessments, payroll, scheduling, classroom management, menu planning (CACFP), custom reporting, and multi-site administration, accessed via web and native iOS and Android mobile apps.

2Experience Curriculum (with Experience Assessments)
CategoryCurriculum and assessment offering
Description

A complete, easy-to-implement early education curriculum system with digital lessons and hands-on materials, aligned with key educational standards. Includes Experience Assessments, an observation-based preschool assessment tool covering eight developmental domains and 73 sub-skills, independently validated by the Johns Hopkins University Center for Research and Reform in Education (Cronbach's alpha exceeding .90 across all eight domains).

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-04-05
Description

Acquisition of Experience Early Learning, a nationally recognized curriculum provider. This strategic acquisition merged physical and digital learning tools, aligned with key educational standards, and enhanced Brightwheel's all-in-one early education platform with curriculum content and assessment tools. The acquisition strengthens Brightwheel's learning and curriculum offerings.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

HiMama is a direct competitor providing preschool and daycare management software with daily reports, parent messaging, and billing—targeting the same SMB childcare segment as Brightwheel.

TypeEmerging player
Description

Wonderschool combines a childcare marketplace with management software for in-home and small center providers, partially overlapping with Brightwheel's in-home child care and enrollment use cases.

TypeDirect peer
Description

Kangarootime is a direct competitor providing childcare management software focused on billing, attendance, and parent engagement for centers and multi-site operators.

TypeBroad incumbent
Description

Care.com is a broad childcare and care-giving marketplace that has expanded into software for family child-care providers, intersecting with Brightwheel's in-home and parent-engagement offerings at a much larger scale.

TypeBroad incumbent
Description

Teaching Strategies is an established early-education curriculum and assessment provider (Creative Curriculum, GOLD) that increasingly overlaps with Brightwheel's Experience Curriculum and Assessments modules, though it sells primarily to districts and large programs.

TypeEmerging player
Description

Illumine is an emerging childcare management platform targeting preschools and daycare centers with billing, parent communication, and learning tools—offering comparable functionality to Brightwheel with a newer, more product-led positioning.

TypeDirect peer
Description

Sandbox offers childcare and early learning management software with billing, family engagement, and curriculum tools, competing in the same preschool SaaS category as Brightwheel.

TypeDirect peer
Description

ChildcareCRM provides enrollment and waitlist management software specifically built for childcare businesses, overlapping with Brightwheel's enrollment management modules and target customers.

TypeDirect peer
Description

Procare is a long-standing direct competitor offering childcare management software for centers and multi-site operators, including billing, attendance, and family communication—closely mirroring Brightwheel's core feature set.

TypeDirect peer
Description

Lillio offers an early childhood education platform with parent communication, learning documentation, and center administration tools, directly competing for preschool and center customers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers12 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment8 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds7 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors21 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Brightwheel

Childcare Management Softwaremybrightwheel.com

Brightwheel is a vertical SaaS platform that provides all-in-one management software for preschools, childcare centers, and in-home providers, covering enrollment, billing, parent communication, curriculum, and payroll across the US and Canada.

What Brightwheel does

Brightwheel is a San Francisco-based, venture-backed vertical SaaS company that provides an all-in-one management platform for preschools, childcare centers, in-home providers, camps and afterschool programs, and Montessori programs across the United States and Canada. The platform consolidates enrollment and admissions, attendance and check-in, billing and payments (PCI Level 1 compliant via Stripe), staff scheduling and payroll, parent communication, CACFP-compliant menu planning, and learning and curriculum delivery into a single web and mobile (iOS/Android) application, supported by 1:1 onboarding with data migration in under 24 hours. Core proprietary assets include the Experience Curriculum and Experience Assessments, acquired in April 2023 through the purchase of Experience Early Learning, with assessment validity independently confirmed by Johns Hopkins University across eight developmental domains and 73 sub-skills. The company holds TX-RAMP certification for state-government deployments and operates a distributed US workforce of 400+ employees.

Brightwheel monetizes through tiered monthly SaaS subscriptions with custom pricing based on center size, location count, and feature requirements (pricing is not publicly disclosed and is obtained via demo request). Its go-to-market combines a sales-led direct motion targeting preschool directors, administrators, and owners with product-led growth (mobile app downloads, free calculators, self-serve onboarding) and a community-led layer (webinars, blog content, customer stories), supplemented by a government and network partner channel for statewide deployments. Reported metrics include $37.5M ARR as of December 2024, a $545M valuation, millions of educators and families on the platform, 150,000+ reviews averaging 4.9 stars, and disclosed funding of approximately $88.8M across seed through Series C rounds led by Eniac, RRE Ventures, Notable Capital, Bessemer Venture Partners, and Addition.

Brightwheel firmographics

Firmographics
Name
Brightwheel
Legal name
Brightwheel
Website
https://mybrightwheel.com
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Brightwheel is a vertical SaaS platform that provides all-in-one management software for preschools, childcare centers, and in-home providers, covering enrollment, billing, parent communication, curriculum, and payroll across the US and Canada.
Ownership category
akta.pro rank

Where Brightwheel is headquartered

Location

Headquarters

HQ city
San Francisco
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Brightwheel business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. SaaS Subscription: Subscription-based pricing model for childcare management software. Tiered plans based on program size and features. Requires contacting sales for specific pricing.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyCustom enterprise pricing

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Brightwheel product offering

Product offering

Core offering

Brightwheel is an all-in-one cloud-based SaaS platform that gives preschools, childcare centers, multi-site operators, in-home providers, and government network partners a single system to manage enrollment, billing and payments, family and staff communication, attendance, curriculum delivery, assessments, payroll, scheduling, and compliance reporting. Revenue is generated through tiered monthly subscriptions with custom pricing based on center size and feature requirements, distributed via direct sales, mobile apps, and partner channels.

Product overview

Brightwheel is a unified all-in-one early childhood education platform combining a core management system with integrated modules for Billing & Payments, Communication, Learning & Curriculum (including Experience Curriculum and Experience Assessments from its 2023 acquisition of Experience Early Learning), Childcare Management (enrollment, attendance, health checks), Payroll, Staff Scheduling, Classroom Management, Menu Planning/CACFP, Custom Reports, and Multi-Site Management. The platform is accessed via web and mobile apps (iOS/Android), with specialized features like Room Device Mode for shared tablets and an Organization Dashboard for multi-location operators. Announced 2026 features include CRM, Enrollment Forecasting, Brightwheel AI, and Point-of-Sale in-person payments.

Differentiator

Problem solved

Functional benefit

Brands

  • Experience Early Learning: Curriculum provider acquired by Brightwheel offering physical and digital learning tools for early childhood education
  • Experience Curriculum
  • Experience Assessments

Products and services

  • Brightwheel Platform An all-in-one cloud-based SaaS platform that gives preschools, childcare centers, multi-site operators, in-home providers, and government network partners a single system to manage enrollment, billing and payments, family and staff communication, attendance and check-in, curriculum delivery, assessments, payroll, scheduling, classroom management, menu planning (CACFP), custom reporting, and multi-site administration, accessed via web and native iOS and Android mobile apps.
  • Experience Curriculum (with Experience Assessments) A complete, easy-to-implement early education curriculum system with digital lessons and hands-on materials, aligned with key educational standards. Includes Experience Assessments, an observation-based preschool assessment tool covering eight developmental domains and 73 sub-skills, independently validated by the Johns Hopkins University Center for Research and Reform in Education (Cronbach's alpha exceeding .90 across all eight domains).

Quantifiable outcome

  • Saves 20 hours per month per center on administrative tasks
  • +4 more outcomes

Companies that use Brightwheel

Customer profile

Named customers12 records

Segments8 records

Ideal customer profiles3 records

Brightwheel technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Brightwheel partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Experience Early LearningcoreStrategic or Co-development Partner · 5 April 2023Acquisition of Experience Early Learning, a nationally recognized curriculum provider. This strategic acquisition merged physical and digital learning tools, aligned with key educational standards, and enhanced Brightwheel's all-in-one early education platform with curriculum content and assessment tools. The acquisition strengthens Brightwheel's learning and curriculum offerings.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Brightwheel competitors and assessment

Company assessment

Direct peers

  • HiMama: HiMama is a direct competitor providing preschool and daycare management software with daily reports, parent messaging, and billing—targeting the same SMB childcare segment as Brightwheel.
  • Kangarootime: Kangarootime is a direct competitor providing childcare management software focused on billing, attendance, and parent engagement for centers and multi-site operators.
  • Sandbox Software: Sandbox offers childcare and early learning management software with billing, family engagement, and curriculum tools, competing in the same preschool SaaS category as Brightwheel.
  • ChildcareCRM: ChildcareCRM provides enrollment and waitlist management software specifically built for childcare businesses, overlapping with Brightwheel's enrollment management modules and target customers.
  • Procare Solutions: Procare is a long-standing direct competitor offering childcare management software for centers and multi-site operators, including billing, attendance, and family communication—closely mirroring Brightwheel's core feature set.
  • Lillio (formerly Kidsoft): Lillio offers an early childhood education platform with parent communication, learning documentation, and center administration tools, directly competing for preschool and center customers.

Emerging players

  • Wonderschool: Wonderschool combines a childcare marketplace with management software for in-home and small center providers, partially overlapping with Brightwheel's in-home child care and enrollment use cases.
  • Illumine: Illumine is an emerging childcare management platform targeting preschools and daycare centers with billing, parent communication, and learning tools—offering comparable functionality to Brightwheel with a newer, more product-led positioning.

Broad incumbents

  • Care.com: Care.com is a broad childcare and care-giving marketplace that has expanded into software for family child-care providers, intersecting with Brightwheel's in-home and parent-engagement offerings at a much larger scale.
  • Teaching Strategies: Teaching Strategies is an established early-education curriculum and assessment provider (Creative Curriculum, GOLD) that increasingly overlaps with Brightwheel's Experience Curriculum and Assessments modules, though it sells primarily to districts and large programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Brightwheel social profiles

Digital presence

Brightwheel compliance and trust

Trust signal

Compliance2 records

Brightwheel financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Brightwheel leadership team

Management profile

Number of profiles

Profiles1 record

Brightwheel subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Brightwheel funding detail

Funding detail

Funding overview

Funding rounds7 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Brightwheel M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brightwheel

What does Brightwheel do?

Brightwheel is an all-in-one cloud-based SaaS platform that gives preschools, childcare centers, multi-site operators, in-home providers, and government network partners a single system to manage enrollment, billing and payments, family and staff communication, attendance, curriculum delivery, assessments, payroll, scheduling, and compliance reporting. Revenue is generated through tiered monthly subscriptions with custom pricing based on center size and feature requirements, distributed via direct sales, mobile apps, and partner channels.

Is Brightwheel a public or private company?

Brightwheel is a private company. It is classified as venture growth investor backed and is currently operating.

When was Brightwheel founded?

Brightwheel was founded in 2015. It employs 501 to 1,000 people.

Where is Brightwheel based?

Brightwheel is headquartered in San Francisco, United States, in the North America region.

How does Brightwheel make money?

One revenue line is on record: saaS Subscription.

Who are Brightwheel's main competitors?

Direct peers on record are HiMama, Kangarootime, Sandbox Software, ChildcareCRM, Procare Solutions and Lillio (formerly Kidsoft). Emerging players are Wonderschool and Illumine. Broad incumbents are Care.com and Teaching Strategies.

Does Brightwheel have an API?

No public API is recorded for Brightwheel.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
Market Research FutureChildcare Management Software Market Size, ShareThe global Childcare Management Software Market was valued at 16.9 billion USD in 2024 and is projected to reach 54.57 billion USD by 2035, growing at a compound annual growth rate of 11.24% during the forecast period 2025-2035. Key drivers of market growth include increasing adoption of cloud-based solutions, integration of artificial intelligence, rising demand for operational efficiency, and heightened regulatory compliance requirements across childcare facilities and preschools. North America holds the largest market share at approximately 45%, driven by early childhood education enrollment and supportive regulations such as the Child Care and Development Block Grant, with key players including Brightwheel, Procare Software, and Smartcare leading the competitive landscape.MybrightwheelChildcare Management Software Comparison for 2026This article is a comprehensive buying guide comparing leading childcare management software platforms for 2026, covering features such as family engagement, billing, attendance tracking, enrollment management, and compliance reporting. The guide evaluates seven major platforms—Brightwheel, Procare, Kangarootime, Lillio, Playground, LineLeader, and Tadpoles—and provides recommendations based on program size and needs, from family child care homes to large multi-site operations. Brightwheel features prominently as the top-rated option based on user reviews, while the article also offers guidance on software evaluation, vendor questions to ask, and red flags to watch for during the selection process.MybrightwheelThe Best Preschool Assessment Tools for Tracking Child Development in 2026Brightwheel's Experience Assessments, an observation-based preschool assessment tool covering eight developmental domains and 73 sub-skills, has been independently validated by Johns Hopkins University Center for Research and Reform in Education in a 2025 study involving 593 students across 10 early learning centers in eight states. The study found Cronbach's alpha values exceeding .90 across all eight domains, confirming the tool's reliability. The article compares Experience Assessments against competing platforms including Teaching Strategies GOLD and COR Advantage, highlighting brightwheel's integration, digital portfolio features, and curriculum flexibility as differentiators.MybrightwheelPersonalized Learning: A Childcare Provider’s GuideThe article provides a guide for childcare providers on implementing personalized learning in early childhood education, detailing its core principles such as learner profiles and competency-based progression. It outlines the benefits of increased engagement and efficiency while highlighting risks like potential educational inequality and data privacy concerns. The content also promotes Brightwheel's curriculum kits and app as tools to support these practices.IllumineBrightwheel AlternativeThe article compares two childcare management platforms, Brightwheel and illumine, highlighting their features, pricing, parent communication, billing, lesson planning, scalability, and data security. illumine offers a more integrated, customizable, and scalable solution with advanced features, while Brightwheel's offerings are somewhat less comprehensive. The comparison suggests illumine may be more suitable for growing childcare centers.SlashGearWhat Happened To The Brightwheel App From Shark Tank Season 7?Entrepreneur Dave Vasen developed the BrightWheel management platform for early education, which gained attention on 'Shark Tank' Season 7 and ultimately received a $600,000 investment from Mark Cuban and Chris Sacca. The company has since grown from 10 to over 25,000 locations and reached $2 million in sales after launching its premium app. BrightWheel continues to expand its services and improve its offerings, catering to a range of educational institutions and parents.MybrightwheelHow to Automate Tuition Billing and Invoicing with Childcare SoftwareThis article provides a how-to guide for childcare programs on implementing automated tuition billing systems, covering common challenges with manual billing such as time consumption, error risks, and cash flow management. The piece outlines key software features to look for, including automated invoicing, secure payment processing, real-time tracking, and accounting software compatibility, along with step-by-step implementation guidance. The article prominently features brightwheel as the recommended childcare management software solution, though it reads more as promotional and instructional content rather than reporting on a specific news event.SharktankrecapShark Tank Brightwheel Update 2026Brightwheel, a daycare management app, expanded from 2,500 to over 25,000 schools after its Shark Tank pitch. The company raised $55 million in 2021 and hit $75 million in annual revenue by 2024. It also acquired Experience Early Learning and signed a $1 million deal with The Learning Care Group.Atlantablackstar‘Are You Serious?’: Mark Cuban and Chris Sacca Turn ‘Shark Tank’ Into a Cage Match as Explosive ‘Shark Fight’ Has Them ‘Squabbling Like Chickens’In a 2015 Shark Tank episode, Mark Cuban and Chris Sacca clashed over Brightwheel's investment, with Sacca questioning Cuban's tech experience. They ultimately invested $600,000 for a 6.67% stake. Brightwheel later raised $10 million in 2017 and $21 million in 2018, reaching a $735 million valuation by 2023.Shark Tank BlogWho Is The Richest Shark On Shark TankMark Cuban is the richest Shark on Shark Tank, with a net worth of $5.7 billion. He made notable deals including Tower Paddle Board, Nuts n More, and Brightwheel, and owns a majority stake in the Dallas Mavericks. His early ventures include selling newspapers and co-founding Broadcast.com, sold to Yahoo for $5.7 billion.