About CareGuide
CareGuide is a company based in Toronto (Canada) founded in 2012. It operates as a Two-Sided Marketplace. CareGuide has raised $15.3 million across 6 funding rounds from investors including Canadian Imperial Bank of Commerce, Royal Bank of Canada and FJ Labs. CareGuide has completed 2 acquisitions, including Canadian Nanny and Haelan. CareGuide offers products and services including Child Care, Home Care, Pet Care, Elder Care, and Payroll Services. CareGuide operates in a competitive market with competitors including CubbySpot, SOS Sitter, Canadian Nanny, Need a Sitter and 4-1-Nanny, among others.
- Headquarter Toronto, Canada
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Sectors
Business Services
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Phone
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Website
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Social
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- Legal Name Careguide Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.3 M (USD)
in 6 rounds
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Latest Funding Round
$5.3 M (USD), Series A
Jul 19, 2022
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Investors
Canadian Imperial Bank of Commerce
& 26 more
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Employee Count
Employee Count
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Investments & Acquisitions
Canadian Nanny
& 1 more
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Products & Services of CareGuide
CareGuide offers a comprehensive portfolio of products and services, including Child Care, Home Care, Pet Care, Elder Care, and Payroll Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Child care services are provided for families needing support.
Home care solutions are offered for household assistance needs.
Pet care services are facilitated for pet owners' convenience.
Elder care support is provided for aging individuals' needs.
Payroll services are managed to simplify caregiver payments.
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Funding Insights of CareGuide
CareGuide has successfully raised a total of $15.3M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5.3 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $5.3M
- First Round First Round
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - CareGuide | Valuation |
investors |
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| May, 2019 | Amount | Series A - CareGuide | Valuation | Inovia Capital , Plaza Ventures | |
| Jun, 2015 | Amount | Debt – Conventional - CareGuide | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CareGuide
CareGuide has secured backing from 27 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Royal Bank of Canada and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Growth-stage venture capital investments are made in revenue-positive companies.
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Founded Year | Domain | Location | |
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Company investments and philanthropy are managed by the family office.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CareGuide
CareGuide has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Canadian Nanny and Haelan. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of healthcare consulting services
|
2004 | ||||
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Online platform for child care and other homecare services
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CareGuide
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Careguide Comparisons
Competitors of CareGuide
CareGuide operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CubbySpot, SOS Sitter, Canadian Nanny, Need a Sitter and 4-1-Nanny, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Marketplace for daycare centers
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| domain | founded_year | HQ Location |
Operates an online listing platform for caregivers in Canada.
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| domain | founded_year | HQ Location |
Online platform for child care and other homecare services
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| domain | founded_year | HQ Location |
Operates as an online listing platform for caregivers in Canada.
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| domain | founded_year | HQ Location |
Operates an online platform for listing and connecting with care providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Careguide
Frequently Asked Questions about CareGuide
When was CareGuide founded?
CareGuide was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is CareGuide located?
CareGuide is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is CareGuide a funded company?
CareGuide is a funded company, having raised a total of $15.3M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1M, raised on Jul 25, 2014.
What does CareGuide do?
CareGuide is managed as a digital platform that connects caregivers with individuals and families seeking care services. Various care needs, including child care, elder care, pet care, and home care, are addressed through its network. Additionally, payroll services are provided to streamline administrative tasks for caregivers and employers. The platform operates across North America, ensuring trust and safety through secure communication tools. Sectors such as personal and family care are primarily served by facilitating dignified and legal employment opportunities for caregivers.
Who are the top competitors of CareGuide?
CareGuide's top competitors include CubbySpot, Canadian Nanny and SOS Sitter.
What products or services does CareGuide offer?
CareGuide offers Child Care, Home Care, Pet Care, Elder Care, and Payroll Services.
How many acquisitions has CareGuide made?
CareGuide has made 2 acquisitions, including Canadian Nanny, and Haelan.
Who are CareGuide's investors?
CareGuide has 27 investors. Key investors include Canadian Imperial Bank of Commerce, Royal Bank of Canada, FJ Labs, Inovia Capital, and Plaza Ventures.