Citi and Silicon Valley Bank backed the recruitment platform for mothers in a series C round which brought the overall funding raised by the company to $116m.
The Mom Project, a US-based recruitment services provider dedicated to mothers, secured $80m yesterday in a series C funding round featuring financial services firms Citi and Silicon Valley Bank.
Growth equity firm Leeds Illuminate led the round, which included 7GC, Initialized Capital, OCA Ventures, High Alpha and Grotech Ventures. It brought the company’s overall funding to $116m.
Founded in 2016, The Mom Project provides a digital service that connects mothers in search of job opportunities to companies with open roles, helping women who left the job market re-enter the workforce. Its platform is used by over 500,000 moms and 3,000 businesses, according to the company.
The Mom Project raised $25m in a July 2020 series B round led by 7GC and backed by Citi, financial services firm Synchrony, High Alpha, Silicon Valley Bank, Initialized Capital, Grotech Ventures, OCA Ventures, Aspect Ventures, Wintrust Financial, IrishAngels and Engage Ventures.
The company had previously closed an $8m series A round in December 2018 co-led by Grotech Ventures and Initialized Capital that included Aspect Ventures, Atlanta Seed Company, BBG Ventures, Engage Ventures, OCA Ventures, IrishAngels and Wintrust Financial.
Atlanta Seed Company had led The Mom Project’s $2.6m seed round seven months earlier, participating alongside BBG Ventures, Engage Ventures, OCA Ventures, IrishAngels and Wintrust Financial.