Boston Roundup: Care.com, Kendall Square, SavingStar
Some hiring, regulation, and investing news around the Boston area in the past few days:
—Care.com, the heavily-financed operator of online caregiver search services, is stoking more speculation of an upcoming IPO. This time, it’s because the company has hired former iRobot financial chief John Leahy as its new CFO. Care.com has raised more than $100 million in private investment, including a $50 million Series E round last summer. Alison Dean has since replaced Leahy as iRobot CFO.
—The Cambridge City Council has agreed to overhaul building restrictions on 26 acres of MIT-owned land, including the doubling of building height limits in some areas, Boston.com reports. The changes are intended to accomodate new lab, office, residential, academic, and commercial space. MIT says it is paying the city $14 million in exchange for the changes, with the money going toward affordable housing and construction job training.
—SavingStar, the Waltham-based digital coupon company, has raised another $9 million in financing. The Series D rounding was led by Edenred, a company that operates gift-card programs for other businesses. Previous SavingStar investors also participated. In addition, Edenred and SavingStar are starting a new joint venture called NutriSavings, which they say will reward people for buying healthier foods.