Institutional Venture Partners and others invest $50M in Care.com, founded by Sheila Lirio Marcelo. By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
PITCH 2012 conference speaker Sheila Lirio Marcelo, CEO of Care.com, raised $50M in Series E funding led by Institutional Venture Partners (IVP) with participation from existing investors Matrix Partners, NEA and Trinity Ventures. IVP's General Partner Sandy Miller joins the board of Care.com as a result of the additional funding.
To date, Care.com has raised $101M in venture funding since being founded in 2006 by CEO Sheila Lirio Marcelo. The TechCrunch funding announcement whispers of a coming IPO for Care.com which will be exciting...
Learn from CEO Sheila Lirio Marcelo by watching her PITCH 2012 talk on building her company - in fact, watch all 6 videos from PITCH 2012, available now for only $30 for unlimited 30 day access.
Also check out this video interview with Sheila as she talks about having the right mindset for entrepreneurship, and more.
Congrats to Sheila Lirio Marcelo and her Care.com team on the additional funding and international expansion. We can't wait to see what's next!
Angie Chang co-founded Women 2.0 in 2006. She currently serves as Editor-In-Chief of Women 2.0 and is working to mainstream women in high-growth, high-tech entrepreneurship. Previously, Angie held roles in product management and web UI design. In 2008, Angie launched Bay Area Girl Geek Dinners, asking that guys come as the "+1" for once. Angie holds a B.A. in English and Social Welfare from UC Berkeley. Follow her on Twitter at @thisgirlangie.