US-based, recruitment services provider The Mom Project has received $25m in a series B round led by growth equity firm 7GC that included financial services firms Citi and Synchrony.
High Alpha, Silicon Valley Bank, Initialized Capital, Grotech Ventures, OCA Ventures, Aspect Ventures, Wintrust Financial, IrishAngels and Engage Ventures also took part in the round.
The Mom Project runs a service that helps link working mothers to companies with suitable vacancies. It oversees a 275,000-strong community and will put the funding into strengthening its channel partnership and enterprise products.
Allison Robinson, The Mom Project’s founder and CEO, said: “We are in a unique moment in time where companies are embracing flexible work and prioritising inclusion, and the moment is right to rapidly accelerate our efforts to unlock the potential of moms in the workplace.
“We have proven to our customers that hiring and retaining moms is not just a nice thing to do. It is good business, and we’re empowered by the scale of impact we can achieve with this round of funding.”
The company raised $2.6m in a May 2018 seed round featuring BBG Ventures, which has since been spun off by telecommunications firm Verizon, as well as OCA Ventures, IrishAngels, Engage Ventures, Atlanta Seed Company and Wintrust Ventures.
All the seed investors returned seven months later for an $8m series A round that was co-led by Grotech Ventures and Initialized Capital and also backed by Aspect Ventures.
