An E-Round For E-Help: Care.com Picks Up $50M From IVP And More For Further International Growth

The IPO market may be slowly opening up again post its Facebook contraction, but not all startups in their later stages are jumping.?Care.com, the online marketplace for people to find helper for everything from childcare and tutoring to housekeeping,?today announced an E-Round of finance worth $50 million, which it will use to continue its growth strategy specifically outside of its home market of the U.S. The round was let by Institutional Venture Partners, with participation from existing investors Matrix Partners, NEA and Trinity Ventures. This brings the total amount raised by the company up to $101 million, and comes on the heels of the company buying Berlin-based Betreut from the Samwer brothers, and launching the Care.com brand in the UK and Canada. The site, founded in 2006, now has 7 million users across 15 different countries, it says.

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