Nanno (2019)

Nanno (2019)

Closed: Dec. 2019

About this raise

Nanno, with a valuation cap of $9 million, is raising funds on Republic. The Nanno platform provides a connection between baby sitters and parents on demand. It allows parents to set their criteria for the caregivers they require and matches them with the suitable sitters. The bookings and payments are done over the platform, and Nanno charges 20%-30% of the gross revenue from bookings as commission. Nanno was founded by Liz Oertle and Desi McAdam in May 2016 and has raised $450,000 since its founding. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000. Nanno was launched nationally in 2018 and is already present in 45 states. The company’s revenue is over $350,000 annually, and it has over 15,000 users.

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Investment Overview

Invested this round: $1,070,000

Deal Terms

Total Commitments

Platform
Republic
Start Date
08/13/2019
Close Date
12/31/2019
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$50

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$9,000,000

Discount

10%

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2B2C
Margin
Capital Intensity
Location
Denver, Colorado
Company Website
Visit Website

Team

Employees
5

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/28/2022 Republic $11,000,000 $0 SAFE Not Funded RegCF
12/31/2019 Republic $9,000,000 $1,070,000 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

Founder Interview

Founder Profile: The Childcare Marketplace For The 21st Century

The gig economy is now comprised of approximately 36% of US workers, around 57 million people. And benefits like flexibility and independence are drawing more and more workers to this style for offering their services, babysitters included. Technology is allowing childcare providers, among other skilled workers this valuable independence, all while increasing customer-facing transparency and trust. Nanno taps into this and the underserved family tech market by bringing childcare into the gig economy.

Nanno is an on-demand marketplace that works to connect parents with trusted babysitters. The platform already boasts 15k users across 45 different states. We chatted with CEO and Co-founder Liz Oertle to hear more about how she and CTO and Co-founder Desi McAdam made their idea of bringing childcare offline a reality.

Read Founder Interview

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Nanno on Republic
Platform: Republic
Security Type: SAFE
Valuation: $9,000,000

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Warning: according to the close date for this deal, Nanno may no longer be accepting investments.

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