Childcare marketplace Bumo raises $10 million in seed funding to support expansion plans
On-demand childcare marketplace Bumo has raised $10 million in seed funding led by True Ventures and Offline Ventures.
Currently operating in just under 200 cities, primarily in Los Angeles, Bumo plans to use the funding to support its expansion into new cities. Bumo says it is currently expecting a 15x increase in 2025 and also plans to use the new funds to expand its team and enhance the platform.
“Our goal is to establish Bumo as the leading infrastructure for flexible child care,” explains Joan Nguyen, co-founder and CEO of Bumo. “We want Bumo to be as integral to family life as Airbnb, Uber, and Instacart are in their respective fields. This funding empowers us to scale our operations and broaden our reach into new markets.”
“When we met Joan, we saw a rare combination of vision, operational excellence, and deep empathy for parents,” adds Tony Conrad, Partner at True Ventures. “The child care industry is ripe for innovation, and Bumo’s approach has the potential to reshape a 70 billion dollar industry.”
Parents can use Bumo to book places at more than 17,000 child care programs, education, enrichment programs and now camps for school-age children.
In contrast to typical childcare arrangements, which Bumo says are “inflexible, expensive and challenging for families to navigate,” the app offers access to vetted and licensed childcare within a few clicks.
The app originated as a virtual learning platform for children in the Covid-19 pandemic but has since evolved into an on-demand childcare marketplace aiming to offer accessible and flexible childcare options.
