Bloomberg News

Care.com Hires Former IRobot CFO Adding Public-Company Expertise

April 09, 2013

Care.com Inc., a website used to find local babysitters and caregivers, is hiring former IRobot Corp. (IRBT:US) executive John Leahy as chief financial officer ahead of a possible initial public offering.

Leahy spent more than four years as CFO of IRobot, the maker of Roomba automated cleaning devices, after holding other executive positions at publicly traded companies. Leahy’s experience is helpful as Care.com looks at future financing events, said Chief Executive Officer Sheila Lirio Marcelo.

With more than $100 million in funding, Care.com is looking at various options, Marcelo said. A provider of online services that lets consumers find local care for children, seniors and pets, Care.com has been expanding globally and making acquisitions, helping it to double revenue last year.

“John brings a level of experience and expertise in order to help our organization scale and continue to grow,” Marcelo said in an interview. “We’re just Chapter 2 of a very long book. So we’ve got a long way to go to fulfill the vision we have in mind.”

Marcelo declined to comment on specific plans concerning an IPO or acquisition.

Care.com raised $50 million in funding in 2012 in a financing round led by Institutional Venture Partners, bringing its total funding to $111 million.

“It’s a great brand with lots of runway ahead of it,” Leahy said in an interview. “This is the first time in my career that I’ve had the opportunity to work with a late-stage firm and really help the firm or the company get to the next level.”

-- Editors: Reed Stevenson, Jillian Ward

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


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Companies Mentioned

  • IRBT
    (iRobot Corp)
    • $31.67 USD
    • -0.09
    • -0.28%
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