Deals
Google Capital Makes First Public Company Investment in Care.com
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Shares in Care.com Inc soared 18 percent in extended trading, after the home care provider announced a $46.35 million investment from Google Capital, the growth equity arm of Alphabet Inc.
Google Capital’s investment makes it the largest shareholder in Care.com, and Laela Sturdy, a partner at the fund, will join the company’s board, Care.com said Wednesday in a statement. The company provides child, adult, senior, pet and home-care services and had a market capitalization of $276 million as of Wednesday.