Google Capital has routinely invested in privately held start-up companies but is now venturing in a new direction acquiring publicly traded companies, starting with Care.com—specializing in connecting families and caregivers. Google Capital invested $46.35 million in the growth-stage company, making it the biggest shareholder. The investment will create big opportunities for Care.com by allowing them to retain access to Google and Alphabet’s experts.
See Michael J. de la Merced, Google Capital Ventures into Public Companies with Care.com, NY Times, June 29, 2016.
Special thanks to Lewis Saret (Attorney, Washington, DC) for bringing this article to my attention.
