These are interesting times for Care.com, the Reid Hoffman-backed site that wants to be the “Amazon of care.” In the last year, the company has expanded its service to more than 15 countries, acquired a few startups and raised $50 million (bringing its total raised to $111 million).
Now the company has a chief financial officer with a skillset to match.
Care.com hired former iRobot CFO John Leahy Tuesday. LEAHY
spent nearly five years at the public company and held CFO positions at three publicly-traded companies prior to that.
Given that the company, which helps people find caregivers for children, seniors, pets and others, is doubling its revenue every year and plans for additional international and vertical expansion, CEO and founder Sheila Marcelo said she wanted a CFO with broad experience.
“It was really important for me to get a partner in crime around helping us manage our growth,” she said in an interview. In addition to online subscription fees from families who pay for a premium membership on the site, the site collects fees from service providers who pay for better visibility and other features. Care.com ALSO charges corporate customers who provide it as a service to their employees.
When the company raised its $50 million Series E round last summer, some speculated that an IPO could be ahead. And Leahy’s familiarity with public company financing would make that kind of an event even more plausible. But Marcelo said the company is open to several different scenarios.
“We’re just keeping all of our options open,” she said. “Certainly with his experience that’s a door we could go down. … We have many options of growth for the company.”
In the near future, Leahy said the company would focus on integrating and scaling its recent acquisitions — which include Parents in a Pinch, a provider of backup child and elder care services, and Betreut, a Samwer brothers-backed European care-giving site. And, over the next couple of years, he suggested that more deals were to come.