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 2006, 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.