Care.com $46.35 Million Private Placement
Davis Polk advised the sole placement agent in connection with the $46.35 million private placement of shares of convertible preferred stock, Series A, of Care.com, Inc. to Google Capital 2016, L.P.
Care.com is the world’s largest online destination for finding and managing family care, with families and caregivers across 16 countries, including the U.S., U.K., Canada and parts of Western Europe. Spanning child care to senior care, pet care, housekeeping and more, Care.com provides an array of services for families and caregivers to find, manage and pay for care or find employment. Care.com also serves employers by offering access to its platform to over 800,000 employees.
The Davis Polk corporate team included partner Byron B. Rooney and associate Jeannette K. Safi. All members of the Davis Polk team are based in the New York office.