Koru Kids operates a full-stack childcare platform that recruits, trains, matches and provides ongoing support to nannies while handling payroll, taxes, pensions, holiday and communications for parents. The service also enables parents to share nannies between families to lower costs and give children playmates. Typical customers are working parents with children aged 4–10 who lack suitable after-school clubs or want broader after-school activities. The company charges a commission per hour as its revenue model rather than large upfront agency fees. Koru Kids positions itself as tech-led, using its own software to increase efficiency and claims its in-house nanny training is unique in the market. The startup plans to scale the platform further following the new funding round. Koru Kids provides a technology platform that streamlines the process of identifying the right after-school nanny for a family and manages ongoing paperwork. The company handpicks university students as nannies and ensures each graduate from an in-house training course. It offers ongoing support to nannies and families through a curated nanny community where members can share recipes, tips and offer emotional support and advice. Founded in 2016 by Rachel Carrell, Koru Kids is based in London, UK. The company raised £3.5M in seed funding and will use the funds to continue to expand operations and its business reach. Koru Kids is a London-based platform that enables families to part-time and full-time share a nanny with another local family. Led by founder and CEO Rachel Carrell, the service aims to reduce childcare costs for families while enabling nannies to earn higher pay. The company raised £600k in seed funding. Backers included Global Founders Capital, 7pc Ventures, Michael Pennington (founder of Gumtree), Alice Bentinck and Matthew Clifford of Entrepreneur First. Koru Kids intends to use the funds to expand operations into additional cities.

Total raised

$18M

Funding rounds

3

Latest round

Series A

Latest activity

Aug 2019