Care.com gets $46 million infusion from Google Capital
Google Capital has invested $46.35 million in Care.com, making the growth equity fund the largest investor in the website that helps caregivers find jobs and consumers find caregivers for older adults, children or pets, as well as help with household chores and errands.
Google has been a customer of Care.com's enterprise services for employees since 2011, using Care@Work to help families search for caregivers and back-up care services, said Laela Sturdy, a partner at Google Capital who will join Care.com's board of directors.
Care.com, launched in 2007, worked with 11 million families and 8.6 million caregivers across 16 countries, as well as approximately 800,000 employees of corporate clients, as of March.
June 14, in conjunction with the United State of Women Summit in Washington, D.C., it was announced that Care.com would partner with nonpartisan think tank New America and advocacy group Caring Across Generations to form the Who Cares Coalition. The coalition plans to advocate for transparency in costs, quality and availability of care; changes to the industry standard of treatment and pay; and workplace policies that alleviate pressure on working families.