A new app helps busy parents book last-minute childcare. Here's the pitch deck that raised $10 million — with another $10 million seed funding round coming up.
Joan Nguyen founded Bumo, an app that allows parents to book empty slots at local childcare centers, after starting two childcare ventures during the pandemic.
From working with parents, Nguyen said she realized that they often needed what she calls "fractional childcare," such as when their nanny called in sick or something pressing came up at work.
"As a parent, I also felt the pain of not being able to get childcare when you absolutely needed it," Nguyen told Business Insider. "Why is it easier for me to find a dog walker than it is to find a sitter or a nanny?"
Launched in 2024 after raising $10 million, the Bumo app was co-founded by Nguyen and Chriselle Lim. It's a continuation of a joint co-working and childcare center they launched in late 2019, followed by BumoBrain, an online learning platform they created at the height of the pandemic to help working parents.
This week, Bumo is preparing to announce a $10 million seed funding round, led by venture capital firms Offline Ventures and True Ventures, Bumo shared exclusively with Business Insider.
The app, which has about 10,000 users and offers services in 200 locations within 13 states, works similarly to Airbnb. Parents can filter and sift through childcare options from drop-in daycares to summer camps, some of them offering same-day availability.
Nguyen said Bumo also fits in with the consumer demand "to want things instantly," now accustomed to quick bookings and deliveries. Meanwhile, "you see childcare as this kind of monolithic thing that hasn't really changed a lot," she said.
Filling a gap in childcare demands
Bumo aims to offer more convenience and fill a gap in the US childcare system.
Parents are more isolated than they have been in generations, not always being able to rely on family members to help them. Many also can't afford full-time daycare, but still need some part-time childcare options.
To ensure safety, Nguyen said every service listed on Bumo is licensed by their respective state and has a "digital footprint" including past reviews. Bumo staff also interviews with each facility at least once a year (sometimes virtually depending on the provider's location) to make sure that they're up-to-date on background checks and that all staff have proper certifications.
Nguyen said that Bumo only uses original photography and videos for each facility instead of stock photos. Parents can also upload photos in their reviews.
Bumo's next step is to keep expanding in other cities; right now, Los Angeles has the highest number of childcare offerings on the app. The goal is to increase Bumo's density in San Francisco and to introduce its service in New York City.
Read the 16-page pitch deck Bumo used to secure $10 million.
Bumo opens with a positive press quote.
Bumo
Introducing the founding team and each member's accomplishments.
Bumo
The slide features the team members' experience levels, follower counts, and press mentions.
It defines the app and what makes it stand out.
Bumo
It addresses the core childcare problems working parents face.
Bumo
It then shows how childcare providers benefit from the app.
It highlights the practicality of the app: childcare providers have empty slots they want to fill, incentivizing them to use Bumo.
The next slide demonstrates how simple the app is to use.
Bumo
The deck emphasizes lower costs.
Another slide sums up the key benefits for everyone.
Bumo
The deck then transitions into Bumo's accomplishments.
Bumo
Bumo
It addresses how many families currently use Bumo, the number of providers, and the social media reach. It also shows investors the opportunities for growth.
Another slide highlights Bumo's commitment to digital outreach.
Bumo
The presentation winds down by zooming out on the market.
Bumo
It illustrates how big the childcare market is.
It draws comparisons to other successful apps.
Bumo
The second-to-last slide shows Bumo's projected growth.
It includes other methods of revenue and its target numbers for childcare service expansion.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Tim Cook keeps Apple's August win streak going
The US backed Apple against a UK order to allow the government access to encrypted user data. The US government said Monday that the UK agreed to drop its demand. The win added to Apple's August hot streak that includes positive talks with Trump and strong iPhone sales. Apple CEO Tim Cook notched another big win. The US backed the iPhone maker in its fight against a UK order that would make encrypted user data accessible to the British government. The US government said Monday that the UK agreed to drop the order after talks between the two countries. A UK government spokesperson declined to confirm the existence of the Apple order in a statement to Business Insider. The dispute began earlier this year when the UK issued the order, which was first reported by the Washington Post. In mid-February, two US congressmen urged Director of National Intelligence Tulsi Gabbard in a letter to challenge the "secret order" for Apple to create a back door to its users' data worldwide. Later that month, Apple disabled Advanced Data Protection, a privacy-enhancing feature, on iPhones in the UK. This was a rare move for Apple, a company known for making users' privacy a top priority. Gabbard said in her announcement on Monday that the order would have "encroached" on Americans' civil liberties. August is going well for Apple so far. The tech giant started the month coming off stronger-than-expected iPhone sales that it reported in late July. It kept the good vibes going with a visit to the White House on August 6. Though Cook gifted Trump an inscribed American-made piece of glass to commemorate its US manufacturing efforts, Apple walked away the true winner. Trump said companies that "are building in the United States," like Apple, won't be subject to a forthcoming 100% tariff on imports of semiconductors and chips. That put concerns about higher potential costs from those tariffs in Apple's rearview. Last week, Apple scored another win when a US Customs ruling allowed the company to bring a blood-oxygen monitoring feature back to some Apple Watches. The company previously removed the feature from some models to circumvent an import ban related to a patent dispute. Apple hasn't had an easy 2025. The threat of tariffs and delays in key Apple Intelligence features presented challenges, but the tech giant is marking small victories where they count. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
At JPMorgan's new HQ, the tech knows who you are — and how you take your coffee
JPMorgan's new Manhattan HQ features biometric scanners upon entry and circadian lighting. The $3 billion project aims to enhance work efficiency and employee satisfaction. CEO Jamie Dimon has called the bank's workers back to the office five days a week. JPMorgan has always been big on tech — an initiative on full display at its new Manhattan headquarters. America's biggest bank by assets has been promising that its new office tower at 270 Park Avenue will be loaded with "intelligent technology" since it announced the project in 2022. New details of the $3 billion project obtained by Business Insider reveal just how tech-forward the building will be. The 14,000 employees who will be housed at the New York tower will be able to activate coffee machines using QR codes and swipe into the building using biometric palm scanners. Want to preorder food from the dining hall, host a guest, or find a specific conference room? There's an app for that, which JPMorgan is asking employees to download to "boost your work efficiency." The details, gleaned from internal communications shared with Business Insider, offer a glimpse of what it's like to work at the bank behemoth, which earlier this year called back all of its more than 300,000 employees to the office five days a week. JPMorgan has also been spending billions on tech at the direction of CEO Jamie Dimon, who has been seeking to protect the bank from payment apps and other financial startups. "We have to compete with the best in AI and technology," Jamie Dimon said at the bank's 2024 Investor Day. With some employees' move-in set to start this year and continue into 2026, here's the lowdown on how the bank plans to use tech to keep workers happy and efficient as it calls them back to the office five days a week. Biometric scanners Even the way you enter the building will be leveled up using tech. One option to get past the turnstiles — besides your physical or mobile JPM badge — is "biometric authentication," which employees can already enroll in, according to employee communications shared on an internal bank portal. The bank showed a photo of a scanner that reads your palm. It said the biometric authentication will allow employees to "breeze from the lobby" to other parts of the building "by waving your hand!" It touted how easy it will be to get where you want to go. "After passing through the turnstiles, you can take an elevator to The Exchange on 14. From there, you can go up to your floor or take the escalator down to 13 for a bite to eat," the bank said, adding, "If you're a trader, you can take an elevator directly to the trading floors from the lobby." JPMC app The bank has a mobile app they call "Work at JPMC" to help employees with the move and to sign up for things like bike storage. It also has maps of the office to help people figure out what is where, and stores a digital version of your work badge. "You can pre-order from several offerings in The Exchange, as well as coffee bars throughout the building, using the Work at JPMC mobile app." Self-locking bathrooms The communications, which come just weeks after a tragic shooting at another Park Avenue office tower, suggest the bank plans to lean on tech to bolster building security. One example: primary bathrooms on each floor will have emergency locks that, when activated, alert building security, according to the portal. Under its emergency information, the bank says "primary bathrooms on each floor are equipped with an emergency lock that, when used, will alert building security. Security will assess the situation and respond, as appropriate." Coffee on demand The internal portal reveals just how much coffee is part of the JPM work culture. In addition to having four cafes in the building and "work cafes" on every floor, break rooms will have coffee machines "powered by QR codes" — symbols that open up apps or webpages when viewed through one's phone camera. Circadian rhythm lighting Being in an office building all day can take its toll on the body and the mind. The communications reviewed by Business Insider show that JPMorgan will use tech to try and make the office experience more natural. In addition to windows that will allow 30% more daylight than a typical office building, the bank said the tower will have "circadian lighting and design elements" that incorporate nature and "help reduce sensory overload." Read the original article on Business Insider
Yahoo
an hour ago
- Yahoo
At JPMorgan's new HQ, the tech knows who you are — and how you take your coffee
JPMorgan's new Manhattan HQ features biometric scanners upon entry and circadian lighting. The $3 billion project aims to enhance work efficiency and employee satisfaction. CEO Jamie Dimon has called the bank's workers back to the office five days a week. JPMorgan has always been big on tech — an initiative on full display at its new Manhattan headquarters. America's biggest bank by assets has been promising that its new office tower at 270 Park Avenue will be loaded with "intelligent technology" since it announced the project in 2022. New details of the $3 billion project obtained by Business Insider reveal just how tech-forward the building will be. The 14,000 employees who will be housed at the New York tower will be able to activate coffee machines using QR codes and swipe into the building using biometric palm scanners. Want to preorder food from the dining hall, host a guest, or find a specific conference room? There's an app for that, which JPMorgan is asking employees to download to "boost your work efficiency." The details, gleaned from internal communications shared with Business Insider, offer a glimpse of what it's like to work at the bank behemoth, which earlier this year called back all of its more than 300,000 employees to the office five days a week. JPMorgan has also been spending billions on tech at the direction of CEO Jamie Dimon, who has been seeking to protect the bank from payment apps and other financial startups. "We have to compete with the best in AI and technology," Jamie Dimon said at the bank's 2024 Investor Day. With some employees' move-in set to start this year and continue into 2026, here's the lowdown on how the bank plans to use tech to keep workers happy and efficient as it calls them back to the office five days a week. Biometric scanners Even the way you enter the building will be leveled up using tech. One option to get past the turnstiles — besides your physical or mobile JPM badge — is "biometric authentication," which employees can already enroll in, according to employee communications shared on an internal bank portal. The bank showed a photo of a scanner that reads your palm. It said the biometric authentication will allow employees to "breeze from the lobby" to other parts of the building "by waving your hand!" It touted how easy it will be to get where you want to go. "After passing through the turnstiles, you can take an elevator to The Exchange on 14. From there, you can go up to your floor or take the escalator down to 13 for a bite to eat," the bank said, adding, "If you're a trader, you can take an elevator directly to the trading floors from the lobby." JPMC app The bank has a mobile app they call "Work at JPMC" to help employees with the move and to sign up for things like bike storage. It also has maps of the office to help people figure out what is where, and stores a digital version of your work badge. "You can pre-order from several offerings in The Exchange, as well as coffee bars throughout the building, using the Work at JPMC mobile app." Self-locking bathrooms The communications, which come just weeks after a tragic shooting at another Park Avenue office tower, suggest the bank plans to lean on tech to bolster building security. One example: primary bathrooms on each floor will have emergency locks that, when activated, alert building security, according to the portal. Under its emergency information, the bank says "primary bathrooms on each floor are equipped with an emergency lock that, when used, will alert building security. Security will assess the situation and respond, as appropriate." Coffee on demand The internal portal reveals just how much coffee is part of the JPM work culture. In addition to having four cafes in the building and "work cafes" on every floor, break rooms will have coffee machines "powered by QR codes" — symbols that open up apps or webpages when viewed through one's phone camera. Circadian rhythm lighting Being in an office building all day can take its toll on the body and the mind. The communications reviewed by Business Insider show that JPMorgan will use tech to try and make the office experience more natural. In addition to windows that will allow 30% more daylight than a typical office building, the bank said the tower will have "circadian lighting and design elements" that incorporate nature and "help reduce sensory overload." Read the original article on Business Insider