“Ҵý has always been a company unafraid to play in multiple marketplaces at once. Since its inception, launching in five different markets at once, the company has looked for novel approaches to accelerate growth for its suite of home care services. Today, Ҵý announced another novel move to expand its offering to the wider “care” market — this time in the FinTech space.”
“Toronto’s Ҵý is known for making its own road. The care marketplace startup, which has a portfolio of sites like Sitter.com and Housekeeper.com, has taken a unique approach to fundraising and growth: predominantly raising $4 million in seed funding from over 70 angel investors, and convincing RBC to supply $1 million in debt financing to gobble up the competitor which inspired its business. Today, Ҵý announced a strategic investment in Moncton-based Qimple.”
“Ҵý has acquired CanadianNanny, the country's most popular nanny matching service.”
“Today, Ҵý announced that it has raised $1 million in capital, as well as additional financial services, from RBC, the largest bank in Canada. The debt financing brings Ҵý’s total funding to $6 million in the last year, after previous closes in March and July last year.”
“When we last checked in with Toronto’s Ҵý, it was in the midst of closing a $1.5 million seed round from an impressive list of over 50 investors. Today, the startup has announced a second close of its seed round, adding an additional $2.5 million in equity and debt financing to its coffers. Ҵý’s total financing now stands at $5 million, while the investor crowd has grown from 50 to 70.”
“John Philip Green was fed up. The founder of Toronto’s Ҵý had raised a significant seed round last year from prominent investors in the U.S. and Canada. But it wasn’t easy.”
"Toronto-based Ҵý has closed its seed round and attracted venture backing from 35 prominent investors in Canada and the US."