GrandNanny raises £400,000 in Pre-Seed round

GrandNanny, a new intergenerational childcare service that supports mature job seekers into work and provides essential childcare for working parents, today announced that the business has closed its £400,000 pre-insemination round.

The round secured investment from four investors, including 3 Sisters Ventures (3SV) Collective, a London-based angel network pioneering gender-specific venture capital investing in Europe, childcare entrepreneur Ben Black, founder of ground-breaking companies such as .uk and uk, SFC Capital the UK’s most active early stage investment firm and TwinklHive, an investment firm and business accelerator, supporting founders on a mission to scale and disrupt the technology sector.

GrandNanny is the first technology-enabled childcare service that focuses on the talents of people over 50, bridging the gap and bringing generations closer together through childcare. Founded in 2020, the company aims to create age-friendly employment, community connections and rewarding jobs while making childcare simpler for parents.

Adele Aitchison (pictured above), founder of GrandNanny, says: “At GrandNanny we see the value that age diversity brings to children and their families. We are proud to be backed by leading investors who understand and support our vision. Their financial support and expert advice have already proved invaluable.”

Lois Day, co-founder of 3SV Collective, says: “At 3SV Collective, we support unique entrepreneurs who use the power of technology to create solutions that contribute to a more just society, and GrandNanny is certainly aligned with this mission. By simplifying access to and increasing the availability of childcare, GrandNanny helps free up women’s time, which can positively impact the gender leisure gap and improve gender equality (by allowing women to devote more time to advancing their careers). In addition, GrandNanny also addresses the gender wealth gap by economically empowering middle age+ adults (typically women) by providing a market for their childcare services.

Also commenting on the announcement, childcare entrepreneur Ben Black said: “I believe GrandNanny will disrupt the childcare market and I am delighted to be a part of their journey. GrandNanny offers a smart solution for families looking for flexible part-time childcare in the UK’s childcare crisis while creating rewarding employment opportunities for the over 50s – driving economic growth. This is a business model with great potential for expansion in the UK.”

GrandNanny sees the value that age diversity brings to children and their families. According to a new report, the labor force participation rate for people aged 50 to 64 has dropped by 0.3 percentage points from 71.0% in 2021 to 70.7% in 20221. Still, there are many advantages that middle-aged people can experience. GrandNanny is the champion of the “big non-retiree”, offering mid-retirees flexible hours and additional income, while incorporating the scientifically proven benefits of intergenerational planning into practical part-time childcare.

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