Koru Kids, a London, UK-based platform for finding childcare, raised £10m in Series A funding.
The round, which brought the total amount raised to date to £14.1m, was led by Atomico, with participation from AlbionVC, Forward Partners, Samos, JamJar, Global Founders Capital, and 7Percent. In conjunction with the funding, Atomico Partner Niall Wass, will join Koru Kids’ board.
The company intends to use the funds to continue to expand operations and its business reach.
Led by founder and CEO Rachel Carrell, Koru Kids is a childcare service providing after school childcare and summer holiday care. When users register, the service will search their local area for the best childcare, will get in touch with more details to help them narrow down options, will connect who is in search with nannies so they can meet up and be sure it’s the best choice.
The company manages the admin part, writes contracts and sets up payroll for families.
Vetted nannies can be both students who are looking for a part-time job, that fits around studies and social life and older adults with experience looking after children, who are looking for rewarding, local, part-time work.