Care.com, Inc., the world’s largest online marketplace for finding and managing family care, today announced that Google Capital, a growth equity fund backed by Alphabet Inc. has made a $46.35 million investment in the Company, which makes Google Capital the largest shareholder in Care.com. Laela Sturdy, a Partner at Google Capital, will join Care.com’s Board of Directors.
In making the announcement, Sheila Lirio Marcelo, Founder, Chairwoman and CEO of Care.com, said, “We are thrilled to announce this investment and to partner with Google Capital during our next phase of growth. We remain focused on delivering on our vision of building a global marketplace for care to help solve the needs of millions of families and caregivers. Laela will be a great addition to our Board, bringing significant operating and investing experience including nearly a decade at Google/Alphabet. We look forward to bringing that expertise to bear as we innovate our service offerings for our members and corporate clients, while continuing to add value for our shareholders.”
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In making the announcement, Sheila Lirio Marcelo, Founder, Chairwoman and CEO of Care.com, said, “We are thrilled to announce this investment and to partner with Google Capital during our next phase of growth. We remain focused on delivering on our vision of building a global marketplace for care to help solve the needs of millions of families and caregivers. Laela will be a great addition to our Board, bringing significant operating and investing experience including nearly a decade at Google/Alphabet. We look forward to bringing that expertise to bear as we innovate our service offerings for our members and corporate clients, while continuing to add value for our shareholders.”
Source
This is a great business model and the company is listed with NYSE. The benefits of owning the most generic name suitable for the business!
