Latest news with #BumoBrain
Los Angeles Times
4 days ago
- Business
- Los Angeles Times
On-Demand Childcare Marketplace Bumo Raises $10 Million Seed Round
Bumo, an on-demand childcare marketplace, raised $10 million in seed funding led by True Ventures and Offline Ventures with participation from Goodwater Capital and Marketplace Capital. Angel investors Jennifer Carolan, influencer Rachel Barnes, actress Jamie Chung, Ellen Chen, Karina Kruse and Vanessa Dew also contributed. The company was originally founded in 2019 by entrepreneurs Joan Nguyen and Chriselle Lim from their personal struggles as working mothers in search of flexible, high-quality childcare solutions. Its origins include a physical co-working space with on-site childcare, but the company adapted during the pandemic to create a virtual learning platform called BumoBrain to address urgent childcare needs. It then expanded in 2024 with an on-demand childcare marketplace, offering instant booking capabilities and eliminating subscription fees to fulfill the increasing need for accessible and flexible childcare options. 'Our goal is to establish Bumo as the leading infrastructure for flexible childcare,' said Joan Nguyen, co-founder and chief executive of Bumo, in a statement. 'We want Bumo to be as integral to family life as Airbnb, Uber and Instacart are in their respective fields. This funding empowers us to scale our operations and broaden our reach into new markets.' The company is currently operating in nearly 200 cities spanning from Orange County through Los Angeles to the Bay Area. It has facilitated nearly half a million hours of childcare services booked. The platform offers 17,000 searchable programs and now camps for school-age children, catering to children aged 0-17. 'When we met Joan, we saw a rare combination of vision, operational excellence and deep empathy for parents,' said Tony Conrad, partner at True Ventures, in a statement. Information for this article was sourced from Bumo.
Business Wire
08-07-2025
- Business
- Business Wire
Bumo Secures $10 Million in Seed Funding to Modernize Child Care
LOS ANGELES--(BUSINESS WIRE)-- Bumo, the leading on-demand child care marketplace, announced it has raised $10 million in seed funding. The round was led by and Offline Ventures with participation from Goodwater Capital, and Marketplace Capital. Angel investors Jennifer Carolan, influencer Rachel Barnes, actress Jamie Chung, Ellen Chen (Mendocino Farms), Karina Kruse (Kinderzimmer), and Vanessa Dew (Health-Ade) also contributed. 'We want Bumo to be as integral to family life as Airbnb, Uber, and Instacart are in their respective fields. This funding empowers us to scale our operations and broaden our reach into new markets.' - Joan Nguyen, co-founder and CEO of Bumo. Originally founded in 2019 by serial entrepreneurs Joan Nguyen and Chriselle Lim, Bumo was born from their personal struggles as working mothers in search of flexible, high-quality child care solutions. Originally a physical co-working space with on-site child care, Bumo adapted during the pandemic to create a virtual learning platform called BumoBrain to address urgent child care needs. In response to the profound impact of the pandemic on family work and lifestyle dynamics, Bumo further evolved in 2024 by fully launching a tech-driven, on-demand child care marketplace, offering instant booking capabilities and eliminating subscription fees to fulfill the increasing need for accessible and flexible child care options. 'Our goal is to establish Bumo as the leading infrastructure for flexible child care,' said Joan Nguyen, co-founder and CEO of Bumo. 'We want Bumo to be as integral to family life as Airbnb, Uber, and Instacart are in their respective fields. This funding empowers us to scale our operations and broaden our reach into new markets.' Bumo's platform is transforming the child care industry by offering a flexible solution that optimizes underutilized capacity into accessible opportunities. It offers parents real-time booking for trusted care and enables providers to maximize unused resources, offering a wide range of services such as full-time, part-time, seasonal, and backup care through a seamless and instant booking process. Users are three button clicks away from booking child care each time. This addresses the current child care landscape that is typically inflexible, expensive, and challenging for families to navigate due to limited options and offerings. Bumo bridges these gaps with its well-established marketplace, offering parents immediate access to thoroughly vetted and licensed child care providers. 'Bumo is transforming child care from an outdated, high-friction search into a seamless, book-now experience,' said Brit Morin, Founding Partner at Offline Ventures. 'It's the first platform to treat child care with the same immediacy and convenience as ordering groceries or hailing a ride — and that changes everything for working families. At Offline Ventures, we see this as a category-defining shift, and we're thrilled to back Joan and her team at Bumo as they lead it.' Currently operating in almost 200 cities spanning from Orange County through Los Angeles to the Bay Area, Bumo has facilitated nearly half a million hours of child care services booked. The platform offers over 17,000 searchable child care programs and now camps for school-age children, catering to children aged 0-17. Bumo offers options for child care, enrichment, camps, and educational programs. In collaboration with esteemed national partners like Learning Care Group, Boys & Girls Club of Metro Los Angeles, FC Barcelona, FC Bayern Munich, and Drawn2Art, Bumo offers a broad range of unique programs. 'When we met Joan, we saw a rare combination of vision, operational excellence, and deep empathy for parents,' said Tony Conrad, Partner at True Ventures. 'The child care industry is ripe for innovation, and Bumo's approach has the potential to reshape a 70 billion dollar industry.' This funding round marks a pivotal moment for Bumo, which is experiencing accelerated growth with an anticipated 15x increase within 2025. The capital influx will enable Bumo's expansion into additional cities, growth of its team, and platform enhancements. Committed to providing access to affordable and premium child care services for all, Bumo is reshaping the future of child care and is excited about this new phase of development. ABOUT BUMO Bumo is an on-demand child care marketplace making flexible, high-quality care accessible to modern families. Founded by two working moms, Bumo helps parents find and book trusted child care, camps, and microschools while helping providers fill open capacity. Through partnerships with employers, providers, and parent communities, Bumo is transforming how child care works for today's workforce. Learn more at ABOUT TRUE VENTURES Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's fastest growing markets. Its more than 40 team members including special advisors, operations professionals, and founders-turned-investors represent one of the largest and most experienced teams dedicated to the early stage ecosystem. The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the True Platform offers programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. To learn more, visit ABOUT OFFLINE VENTURES Offline Ventures is an early-stage venture capital firm backing transformative technologies that improve life in the real world. With $275 million in assets under management, the firm invests in visionary founders across sectors including AI, deep tech, consumer, climate, and biotech. In addition to traditional seed investing, Offline runs an in-house incubator, Offline Studio, which helps launch and grow original companies from scratch. The firm focuses on products that are both technologically disruptive and deeply meaningful for humanity. For more information, visit
Business Insider
07-07-2025
- Business
- Business Insider
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.
Modern life makes it easy to order late-night cars home, book spontaneous vacation rentals, and get lightning-fast takeout. But getting childcare on short notice? For many that's still a pipe dream. 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.
