Investors continue to look for companies benefiting from the coronavirus pandemic.
Sittercity, an online platform that connects parents with babysitters and tutors, was bought by daycare-center operator Bright Horizons. Terms of the deal were not disclosed.
Bright Horizons, a publicly traded company based in Watertown, Mass., operates more than 1,000 childcare centers. Sittercity and Bright Horizons have had a partnership since 2013.
“The acquisition comes at an important time for Bright Horizons and the families it serves, as parents who have been juggling the demands of their jobs with children at home throughout the coronavirus pandemic are now facing the likelihood of remote learning for their school-age children this fall,” Bright Horizons said in a statement.
Distance health care has also gotten a boost from the coronavirus. Yesterday Livongo, an online health care company, merged with Teladoc in an $18.5 billion deal.
Sittercity, founded in 2001 by Genevieve Thiers, was a gig-economy pioneer. She stepped down as CEO in 2010. Elizabeth Harz took over as CEO in 2017. The company raised $48 million, according to Crunchbase data. Investors include Baird Capital and Pritzker Group Venture Capital. The company declined to disclose its headcount.
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August 07, 2020 at 12:13AM
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Chicago gig-economy pioneer Sittercity sold to childcare operator Bright Horizons - Crain's Chicago Business
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