Care.com one of the largest online care services in the world, has announced the closing of $50 million in new funding. The financing was led by Institutional Venture Partners (IVP) and joined by existing investors Matrix Partners, Trinity Ventures, New Enterprise Associates and others.
Care.com has approximately 7 million members in more than 15 countries. It allows families to connect with millions of caregivers to help manage the life-cycle of care challenges. It provides matches for families looking for childcare, including special needs, senior care, pet care, housekeeping, tutoring, and other services.
Founded in 2006, the firm has raised $61 million in previous rounds of financing. Earlier this year, Care.com embarked upon an international expansion campaign. In April, a UK office was established, the first venture outside of the US for the Boston-based company. This was followed by the launch of Care.com in Canada.
The company has also been expanding through the recent acquisition, taking up Berlin-based Besser Betreut, one of the largest online care portals in Europe.
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Sandy Miller, General Partner of IVP will now serve on the Care.com Board of Directors.
Image Credit: SanShoot
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