UrbanSitter raises $15M in Series B round to link US parents with qualified nannies

By VCPOST Staff Reporter

Feb 14, 2014 10:56 PM EST

UrbanSitter has secured $15 million in a Series B funding round led by DBL Investors. UrbanSitter is a service that helps families find qualified nannies online, according to VentureBeat.

The California-based firm is a marketplace for both parents and sitter. Parents can look for sitters according to date and time, and they can also post a job. Sitter, on the other hand, can post their availability and rates, and look for job postings. Booking and payment transactions are conducted online or through the mobile apps of UrbanSitter, the report explained.

Co-founder Lynn Perkins said: "As a group of parents frustrated with tirelessly, and often unsuccessfully, dialing and texting to find a sitter, we founded UrbanSitter to create a community of families and sitters and to give them an efficient way to locate and communicate with each other. We realized that we could use technology to simplify and speed up the process while still relying on our own networks to give us the trust and peace of mind we needed to leave our children in someone else's care."

Aspect Ventures and Match Group also participated in the round. Existing investors Canaan Partners, Menlo Ventures, Rustic Canyon Partners, and First Round Capital also contributed to the funding. The San Francisco firm will use the new capital to beef up its marketing efforts and product development. The company has raised a total of $22.75 million to date, VentureBeat reported.

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