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.
Investment Overview
Invested : $1,070,000
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 08/13/2019
- Close Date
- 12/31/2019
$25,000
$1,070,000
$50
SAFE
Early Stage
RegCF
$9,000,000
10%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Capital Intensity
- Location
- Denver, Colorado
- Company Website
-
Visit Website
Team
- Employees
- 5
Financials
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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 |
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.