Care com http://www care com the largest online care destination in the world today announced the closing of 50 million in new funding The financing was led by Institutional Venture Partners IVP and joined by existing Care com investors – Matrix Partners New Enterprise Associates and Trinity Ventures – among others
Founded in , Care com has raised 61 million in previous rounds of financing The Company which has approximately 7 million members in more than 15 countries allows families to connect with millions of caregivers to help manage the lifecycle of care challenges families face childcare including special needs senior care pet care housekeeping tutoring and more Earlier this year Care com embarked upon an international expansion campaign which to date has included the acquisition of Berlin-based Besser Betreut the largest online care portal in Europe and the launches of Care com in the UK and Canada
In making the announcement Sheila Lirio Marcelo Founder and CEO of Care com said It’s both thrilling and gratifying to have investors like IVP embrace the vision of Care com appreciate the enormity of global care needs and believe in the scalability of our services to meet the care challenges faced by families around the world ”
Ms Marcelo continued It is also a validation of our multi-revenue business model and multi-service platform as well as our track record of growth that existing investors of the caliber of Matrix NEA and Trinity have joined us in this latest round of financing as well We have an incredible board joined by USAA that supports our vision and mission ”
Sandy Miller General Partner of IVP who will also now serve on the Care com Board of Directors said Sheila and the team at Care com have done more than identify a growing global need they’ve delivered on a strategy to help fill that need for millions of families IVP is excited to be part of Care com’s continued growth and expansion both in terms of the services the company offers and the markets it reaches ”
About Care com Inc
Founded in , Care com www care com is now the largest online care destination in the world with 7 million members spanning more than 15 countries Care com provides a forum for families seeking care support to easily connect with millions of care providers share caregiving experiences and get advice The company addresses the unique lifecycle of care needs that each family goes through – child care including special needs senior care pet care housekeeping and more Care com also provides e-tools and information to help families make safer and more informed decisions throughout the search and hiring process including monitored messaging access to background checks recorded references and an online safety guide Fortune 500 companies educational institutions technology companies and professional services firms offer Care com memberships as a benefit to employees through its Workplace Solutions program
About Institutional Venture Partners IVP
With 4 billion of committed capital Institutional Venture Partners IVP is a premier later-stage venture capital and growth equity firm in the United States Founded in , IVP has invested in over 300 companies 91 of which have gone public IVP is one of the top performing firms in the industry and has a 32-year IRR of 43 2% IVP specializes in venture growth investments industry rollups founder liquidity transactions and select public market investments Since its inception IVP investments include such notable companies as ArcSight Buddy Media ComScore Concur Technologies Dropbox HomeAway Juniper Networks Kayak LegalZoom LifeLock LivingSocial Marketo MySQL Netflix Polycom Seagate Shazam Synchronoss Tivo Twitter and Zynga For more information visit http://www ivp com or follow IVP on Twitter http://twitter com/ivp
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