Total amount raised
$156.9 Millions
Latest funding date
Location
Title
Care.com has successfully raised significant funding over multiple rounds, culminating in its acquisition by IAC for $500 million. The platform offers a comprehensive suite of services, including child care, senior care, pet care, housekeeping, and tutoring.
Keep reading to explore the intricacies of Care.com's fundraising journey and the investors backing this versatile platform.
What Is Care?
Care.com, founded in October 2006, is headquartered in Austin, Texas. The platform connects families with caregivers for children, seniors, pets, and homes, offering services like child care, senior care, pet care, housekeeping, and tutoring.
The company was established by Dave Krupinski, Donna Levin, Sheila Marcelo, and Zenobia Moochhala. It has grown significantly since its inception, now employing between 501 and 1000 people.
Care.com emphasizes background-checked caregivers, transparent profiles, and dedicated safety and support teams, making it a trusted resource for families seeking reliable care solutions.
How Much Funding Has Care Raised?
- Series A
- Amount Raised: $3.5M
- Date: July 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and begin scaling operations.
- Series A
- Amount Raised: $2M
- Date: September 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the user base.
- Series B
- Amount Raised: $10M
- Date: March 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance service offerings and improve platform features.
- Series C
- Amount Raised: $20M
- Date: September 2010
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series D
- Amount Raised: $25M
- Date: October 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and enhance service capabilities.
- Series E
- Amount Raised: $50M
- Date: July 2012
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and diversify service offerings.
- Post-IPO Equity
- Amount Raised: $46.4M
- Date: June 2016
- Lead Investors: CapitalG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel further growth and innovation post-IPO.
Total Amount Raised: $156.9M. Current Valuation: Not publicly disclosed.
Key Investors
- CapitalG
- Details: CapitalG is a growth equity investment fund backed by Alphabet Inc. (Google). It focuses on investing in companies that are at the growth stage and have the potential to become market leaders.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Airbnb, Stripe, Lyft
- IVP
- Details: IVP, or Institutional Venture Partners, is a later-stage venture capital and growth equity firm. It has a long history of investing in high-growth companies across various sectors.
- Investment Focus Areas: Technology, media, internet
- Notable Investments: Twitter, Dropbox, Snap
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare sectors. It is one of the largest and most active venture capital firms in the world.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Uber, Coursera, Robinhood
- Matrix Partners
- Details: Matrix Partners focuses on early-stage investments in technology sectors. The firm has a strong track record of backing successful startups.
- Investment Focus Areas: Software, communications, internet services
- Notable Investments: HubSpot, Zendesk, Gilt Groupe
- Trinity Ventures
- Details: Trinity Ventures invests in early-stage technology companies. The firm is known for its hands-on approach and long-term commitment to its portfolio companies.
- Investment Focus Areas: SaaS, mobile, social media
- Notable Investments: Starbucks, New Relic, Docker
What's Next for Care?
Care.com stands at the cusp of significant growth opportunities, driven by the increasing demand for online caregiving services. With a robust platform that connects families with a wide range of care providers, the potential for expansion is vast. The company’s comprehensive service offerings, including child care, senior care, and pet care, position it well to capture a larger market share.
Future fundraising prospects appear promising, given the platform's proven track record and the involvement of high-profile investors. As Care.com continues to enhance its services and expand its user base, it is likely to attract further investment, fueling its growth and innovation. However, the company must navigate challenges such as maintaining service quality and ensuring user safety to sustain its upward trajectory.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay’s platform to access comprehensive fundraising data on companies like Care.com and gather other critical business insights.
Sign up for free on Clay and start leveraging these powerful tools today.
