What is Care.?
Care. operates an expansive online marketplace dedicated to facilitating the discovery and management of family care services across the United States and internationally. The platform addresses a broad spectrum of family needs, encompassing childcare, elder care, specialized care for individuals with unique requirements, and other non-medical assistance such as pet care, tutoring, and housekeeping. For caregivers, Care. provides a robust platform to secure full-time and part-time employment opportunities. The company's consumer matching solutions empower families to efficiently search, connect with, vet, and select suitable caregivers. Simultaneously, it offers caregivers tools to create detailed profiles, showcase their skills and experience, and enhance their visibility within the marketplace. Furthermore, Care. provides integrated payment solutions for families to manage financial transactions with their caregivers, alongside employer-focused services through Care@Work, recruiting solutions for care-related businesses, and a community forum for parenting groups.
How much funding has Care. raised?
Care. has raised a total of $245.8M across 7 funding rounds:
Series A
$3.5M
Series B
$10M
Series C
$20M
Series D
$25M
Series E
$50M
Stock Offering
$91M
Private Equity
$46.4M
Series A (2007): $3.5M with participation from Reid Hoffman, Matrix Partners, and Andy Payne
Series B (2008): $10M led by Trinity Ventures and Matrix Partners
Series C (2010): $20M supported by Trinity Ventures, New Enterprise Associates, and Matrix Partners
Series D (2011): $25M featuring USAA, Trinity Ventures, and Matrix Partners
Series E (2012): $50M backed by Matrix Partners, New Enterprise Associates, Institutional Venture Partners, and Trinity Ventures
Stock Issuance/Offering (2014): $91M, investors not publicly disclosed
Private Equity (2016): $46.4M led by Google Capital
Key Investors in Care.
Google Capital
Google Capital, now known as GV, is a growth equity fund backed by Alphabet, investing in companies driving market disruption through long-term technology trends. They provide strategic support by connecting portfolio companies with Google's extensive expertise.
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm established in 1977, focused on empowering entrepreneurs to build transformative businesses across various sectors, with a strong emphasis on technology.
Trinity Ventures
Trinity Ventures is an early-stage investment firm dedicated to supporting mission-driven entrepreneurs and transforming their ambitious visions into reality. The firm invests in a diverse range of industries, exemplified by its portfolio that includes companies like Turos, Side, and Markforged.
What's next for Care.?
The substantial enterprise-level funding and recent strategic investment indicate that Care. is poised for significant expansion and further development of its comprehensive care ecosystem. This capital infusion is likely to fuel advancements in technology, broaden service offerings, and enhance market penetration. The company's focus on addressing the full lifecycle of family care needs positions it to capitalize on growing demographic trends and increasing demand for reliable, accessible care solutions. Future strategic initiatives may involve expanding into new geographic markets, forging partnerships with employers to offer care benefits, and refining its platform to better serve both families and caregivers.
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