By Steve O’Hear
Koru Kids, the London-based startup that helps you find and manage childcare, has raised £10 million in new funding to scale its platform.
The Series A round is led by Atomico, with Atomico Partner Niall Wass joining the company’s board. Also participating are previous investors AlbionVC, Forward Partners, Samos, JamJar, Rocket Internet’s Global Founders Capital, and 7Percent. It brings the total amount raised by Koru Kids to £14.1 million.
“Childcare is exhausting and difficult to arrange: for many families it’s hard to find the right thing at all, and for nearly everyone it’s excruciatingly expensive,” says Koru Kids founder and CEO Rachel Carrell (who has a doctorate from Oxford and previously worked at McKinsey!).
“Parents need affordable, flexible childcare to allow us to carry on in our careers but it’s very hard to find. Nurseries close early, childminders are in short supply and neither option copes well with parents finishing at 5pm one day and 10pm the next. Once I realised that there were so many people struggling with the same issues it gave me the impetus to quit my job and to create Koru Kids”.
The resulting childcare platform is described by Carrell as a “full …read more
Source: Tech Crunch