CareGuide, a Toronto, Canada-based online care services company, closed a US$2m growth capital financing.
CIBC Innovation Banking provided the financing.
The company intends to use the funds to expand in Canada and the U.S.
Led by John Philip Green, Chief Executive Officer, CareGuide connects caregivers across North America with families who need child care, pet care, elder care and home-care services. With more than three million customers across North America, caregivers and care seekers connect via CareGuide’s portfolio of websites, Sitter.com, ElderCare.com, PetSitter.com, Housekeeper.com and HouseSitter.com.
The company also provides payroll services, including direct deposit, electronic paystubs and receipts, tax deductions and tax form filing for professionals in these fields.
CareGuide is also backed by iNovia Capital, Plaza Ventures, Structure Capital, FJ Labs, Hedgewood, Conconi Growth Partners, 500 Startups, and over 60 angel investors.