Toronto’s CareGuide, the company behind the care matchmaking services Sitter.com, Housekeeper.com, PetSitter.com, ElderCare.com, and HouseSitter.com, announced today that it has raised an additional $2.5 million in equity and debt financing in a second close of its seed round.
In October, the Techvibes 20 company closed it’s first round of $1.5 million from over 50 investors.
The financing was led by existing investor Karamdeep Nijjar from iNovia Capital, and includes support from many high profile new investors, including Dharmesh Shah, Alex Conconi, David Hamilton, Tom Predovic, Bernie Li, Farid Kassam, Roy Pereira, Allen & Eva Lau, and others.
Many of CareGuide’s 50+ existing investors also participated, including Dave McClure (500 Startups), Tim Lett, Michael Litt, Devon Galloway, Mike McCauley, Colin Jang, Ramesh Haridas, Matt Mastracci, Jevon MacDonald, Daniel Debow, Brian Sharwood, Ameet Shah, Jonas Brandon, and Ryan Holmes.
CareGuide will use the additional financing to invest in developing new growth channels, the development of mobile applications, and to explore strategic acquisitions.
“We have been quietly growing our marketplaces for the last couple of years; working hard to connect hundreds of thousands of families in the US and Canada with care providers,” said John Philip Green, Chief Executive Dad of CareGuide.
“I am delighted to welcome such a large group of supporters in our cause. Our investor group has already contributed much more than just their capital. No Canadian entrepreneur has ever had more support.”
“CareGuide’s near religious zeal for broadening its value proposition for both sides of its marketplaces allow it to differentiate from stagnant and/or narrowly focused competition,” said Karamdeep Nijjar, of iNovia Capital.