Keep Company, an employer-offered benefit that helps prevent burnout and attrition among working parents and caregivers, announced a successful funding round of $1.4 million, with participation from Techstars, Idea Fund Partners, VEST Her Ventures, 100KM, Pixel Perfect Ventures, and TEDCO. Keep Company has raised over $2 million to date.
The funding round enables Keep Company to expand its executive team with the hire of a new chief technology officer, Zvi Band. A well-known entrepreneur in the D.C. region, Band launched Contactually, a CRM platform for the real estate industry, and sold it to Compass in 2019.
With Band’s technical expertise, Keep Company has been launching three new products, including a Care Census – enabling employers to anonymously quantify the number of working parents and caregivers on staff so the company can better support them before they burn out.
By utilizing data and direct employee feedback, Keep Company offers valuable insights to employers, allowing them to better understand and care for their employees. And Keep Company has successfully worked with hundreds of employees across professional services, helping them communicate more effectively, build better boundaries, and connect with others. Keep Company members resign from their jobs at a rate five times less than the industry average.
KEY QUOTES:
“Bringing people together has always been at the forefront of my work and I am honored to join a team deeply committed to addressing one of the biggest challenges parents and caregivers face today. Keep Company is a true benefit to both the employers that offer it and the employees who experience it. The program does good and is a measurably good investment for companies.”
– Zvi Band, chief technology officer at Keep Company
“The loneliness epidemic isn’t going anywhere and we’re encouraged that more companies are addressing the need to care for the substantial majority of the workforce that takes care of someone at home. At Keep Company, we’re seeing the impact of our solution on individual employees and the firms at large. The funds from this round will enable us to serve more people with better technology.”
– Adrienne Prentice, co-founder and chief executive officer of Keep Company
“We invest in women-led companies building the trillion-dollar infrastructure needed to support the future of work, women’s labor participation and economic mobility. I’m incredibly proud to support Keep Company as Claudia and Adrienne’s mission of keeping women and caregivers in the workforce perfectly dovetails with our own. The social-emotional skills and support Keep Company provides play a crucial role in retaining top-performing talent at the height of their careers.”
– Erika Lucas, founder and general partner, VEST Her Ventures
“Keep Company is tapping into a huge market of organizations wanting to provide caregiver support. Over 7 of 10 employees are parents and caregivers, and Keep Company is primed to reinvent the way companies engage with, support and retain their people. With the addition of Zvi, whom I’ve known for years, to the executive team, Keep Company is reinforcing its status as a leader in this category.”
– Techstars CEO Maelle Gavet
