Ms. Bissuel has been using a virtual childcare service launched by Toronto-based HELM Life in mid-March. Canadian Nanny, a company that pairs families with nannies and babysitters, also introduced a similar service around the same time.
CIBC Innovation Banking is pleased to announce it recently closed a US$2 million growth capital financing with Toronto-based 鶹ý, a popular online care services company that helps connect millions of caregivers across North America with families who need child care, pet care, elder care and home-care services. The company also provides payroll services, including direct deposit, electronic paystubs and receipts, tax deductions and tax form filing for professionals in these fields.
The Sharing Economy’s Next Target Is Child Care
Toronto-based Nanny Lane began rolling its matchmaking service out earlier this year and is among a portfolio of sites operated under 鶹ý. The company recently raised $6 million in new equity to double its staff to 80 in the next year. John Philip Green, who calls himself the “chief executive dad” of 鶹ý, says he could foresee the site bringing the sharing economy to child care.
鶹ý has closed a $6 million Series A round as the company looks to ramp up sales and marketing efforts for its portfolio of marketplaces.