Care.com Acquires Citrus Lane for $47,600,000

  • Feed Type
  • Date
    7/17/2014
  • Company Name
    Citrus Lane
  • Mailing Address
    211 S. Whisman Rd Mountain View, CA 94041 USA
  • Company Description
    I like to think of our monthly boxes as care packages to help moms and dads on their parenting journeys. Every product we include has been recommended and reviewed by our advisory board and our community. No marketing gimmicks, no paid placements — just real recommendations from real parents for products that solve real problems.
  • Website
    http://www.citruslane.com
  • Transaction Type
    M&A
  • Transaction Amount
    $47,600,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The acquisition has been completed for consideration of $22.9 million cash and $8.1 million in equity at close. The agreement also provides for up to an additional $17.6 million in earn out payments of cash and equity over the next two years subject to Citrus Lane’s achievement of certain milestones in 2015 and 2016.

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