Atomico leads £10m series-A for Koru Kids

Previous investors AlbionVC, Forward Partners, Samos, JamJar Investments, Global Founders Capital (GFC) and 7Percent have all participated in the round as well.

Atomico is currently investing from its Atomic IV fund, which closed on $765m.

The company had a valuation of £13.8m following its most recent funding round in May 2018, according to a report by Unquote sister publication Mergermarket. The report also stated that the company could offer up to 20% of its capital in its next funding round.

Atomico partner Niall Wass will join the company's board as part of the transaction.

Previous funding
The company received a grant from startup accelerator MassChallenge in 2016. GFC then led a £600,000 seed funding round, with participation from 7Percent and several angel investors in 2017.

In May 2018, Forward Partners and AlbionVC co-led a £3.5m round, with JamJar also joining the round.

Company
London-based Koru Kids recruits, trains, matches and provides ongoing support and training to nannies. The company also provides payroll services, pensions, communications and activity ideas for childcare professionals. The company generates revenues by taking a commission per hour. It was founded in 2017.

People
Atomico – Niall Wass (partner).
Koru Kids – Rachel Carrell (founder, CEO).

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