Bright Horizons Family Solutions
2 Wells Ave, Newton, MA, 02459, United States
Overview
Bright Horizons Family Solutions® is a leading provider of early education and preschools, employer-sponsored child care, back-up care, educational advisory services and other work/life solutions. They strive to: - Nurture each child’s unique qualities and potential - Support families through strong partnerships - Collaborate with employers to build family-friendly workplaces - Create a work environment that encourages professionalism, growth, and diversity - Grow a financially strong organization
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- E-Learning
- EdTech
- Education
- Health Care
Investment portfolio
- Sittercity
Participated · Equity · Nov 2013
Sittercity operates an online platform that connects families with local in-home caregivers and provides detailed sitter profiles, parent reviews, availability, references, and screening tools including two levels of background checks and motor vehicle record checks. Founded in 2001 and based in Chicago, the company reports over four million members and is the Department of Defense’s solution of choice under an exclusive DoD contract. Sittercity offers employer-sponsored programs (SelectPlus) and tools to help families through the hiring process, and it emphasizes caregiver vetting and safety resources. The company announced it closed $13 million in financing and a strategic partnership with Bright Horizons as part of its current financial position. Sittercity plans to use the latest funding to expand and strengthen its position as a leading solution for families seeking nannies, babysitters and other in-home care. The Bright Horizons partnership is intended to broaden employer-sponsored access to Sittercity’s caregiver network and engage more families. SitterCity operates an online marketplace that connects families with caregivers for childcare, pet care, eldercare, home care, and tutoring. The site guides clients through an in-depth screening process that includes background checks, references, and parent reviews, and it hosts more than 2 million caregiver profiles nationwide. SitterCity has helped connect hundreds of thousands of parents with in-home caregivers. The company has also built a corporate program offering branded SitterCity portals as an employee benefit. Corporate clients include the U.S. Department of Defense (which provides paid memberships to military families), MasterCard, Avon, Sega, Fox and Northwestern. SitterCity has raised $30 million to date, including a new $22.6 million round. The new funding will be used to develop additional corporate partnerships and to expand the site’s services internationally. Sittercity operates an online care-giving directory connecting care seekers with babysitters, pet sitters, senior caregivers, tutors, and home sitters. The site provides sitter profiles, a four-step screening process, free access to background checks, and sitter video interviews. It runs a subscription business model allowing caregivers to sign up free while charging care seekers $8 per month; the average babysitter rate on the platform is $13/hour. Sittercity also offers a corporate program with clients that include Mastercard and Monster. The company reports over a million caregiver profiles and hundreds of thousands of care seekers, has increased job postings 150%, added an average of 2,000 caregivers per day, and grown annual revenue 60% year-over-year. To support continued growth it opened a second round of funding to accommodate new investors.
Team
No current team members are available.