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Growth Attracts Additional Investors to Sittercity.com
Date:9/1/2009

CHICAGO, Sept. 1 /PRNewswire/ -- Sittercity.com, America's largest and most trusted source for online care, announced today that it has closed another round of equity financing. The company, which secured $7.5 million in financing in January of this year, opened a second round of funding in order to accommodate some of the leaders in Chicago's investment community.

As the inventor of the online care industry, Sittercity.com matches individuals and families with child care, pet care, senior care, home care and tutoring solutions. Currently the site has a network of more than a million caregiver profiles and has been helping hundreds of thousands of care seekers find the perfect in-home care provider for almost a decade.

"Even in these challenging economic times, Sittercity.com has increased job postings on its site 150 percent, added an average of 2,000 caregivers each day, and grown our annual revenue 60 percent over last year," said Genevieve Thiers, founder and CEO of Sittercity.com. "The online care field has grown dramatically over the past decade and we expect that our business will continue to grow at an impressive rate."

The new Sittercity investors include venture capitalists like Matt McCall of New World Ventures; entrepreneurs like Brian Hand, co-founder of Timelines, Inc., and founder & former CEO of ShopLocal; and venture capital firms like the I2A Fund. Sittercity.com previously received financing from Point Judith Capital and Apex Venture Partners.

"I am thrilled to be involved with Sittercity.com," said Matt McCall of New World Ventures. "In addition to being the market leader in a burgeoning sector, Genevieve is one of the top entrepreneurs in the country."

"The I2A fund focuses on investing in the leading innovative start-up companies in the region showing a great deal of growth poten
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SOURCE Sittercity.com
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