Koru Kids Series A round raises £10 million
London-based start-up Koru Kids, has raised £10 million from its Series A round led by Atomico.
The round also featured participation from AlbionVC, Forward Partners, Samos, JamJar, Rocket Internet’s Global Founders Capital and 7Percent. To date the company has raised £14.1 million in funding.
Koru Kids helps parents find and manage childcare. The new investment will be used to scale the platform.
Explaining the platform to TechCrunch, founder and CEO Rachel Carrell says, “Our platform takes care of taxes, payroll, pension, holiday, nanny communications, activity ideas and a dozen other things that can come up when you’re dealing with nannies,” she tells me. “We also help parents share nannies, so one nanny takes care of children from two different families at once. That brings down the cost for families, the nanny gets paid more and the children have a friend to play with.”
Koru Kids aims to simplify the lives of working parents through its platform and the company takes commission per hour as opposed to upfront fees.