The Mom Project, a leading job site for moms, announced an $8m Series A funding round led by Grotech Ventures and Initialized Capital.
Using a system of algorithms, its platform pairs new mothers (and fathers) with jobs better suited to a parent’s new cooing change in priorities. The world is a baby’s bathroom, and parents are the last (and only) line of defense — but that doesn’t pay the bills.
The Mom Project was birthed in 2016 when CEO Allison Robinson (who was on maternity leave from Pampers at the time) read a study showing that 43% of skilled women leave work after having kids.
Cut to today, and the company has 75k registered moms, and 1k companies on its roster, including giants like AT&T, Procter & Gamble, and BP.
Businesses have been forced to do some soul-searching when it comes to hiring and keeping good people over the last few years, and studies show that having a diverse workforce, including women from all different backgrounds, is a key factor in creating a better company culture.
The new round brings the company’s total funding to $11m and will help expand the Mom Project’s services as well as its footprint into more cities.
Needless to say, the Mom Project is closing out 2018 with a big ol’ family-sized bang.