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.
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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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