Provo-Based Caresharing App Company Momni Raises More Than $1.75 Million

By Annie Baker ● December 19, 2018

Provo, Utah-based Momni announced that it has raised more than $1.75 million to expand its caresharing app. The Momni app connects moms to moms for premium childcare in their own communities.

Founded by CEO Karmel Larson, Momni is planning to expand its product features and will launch its growing careshare platform into new geographic areas. Larson became inspired to launch Momni after learning about the global childcare crisis in 2017.

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“I am so grateful for all the support I’ve received as Momni has taken off,” said Larson. “Statistics show that it’s hard for female startup founders to get funding, and I am encouraged by the overwhelming interest we’ve received to help moms worldwide support one another with a cutting-edge and network-based childcare platform.”

With this round — which was led by Tamarak Capital — brings Momni’s total fundraising to over $2 million. Utah venture service firm RevRoad and some angel investors also participated in this round.

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Photo: Momni founder Karmel Larson (left) with Tamarak Capital Partner Nate McBride (right) / Credit: Momni

Here is a video demo of how Momni works:

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“Few things are as socially significant as what Momni is focused on,” added Tamarak Capital partner Nate McBride. “Momni is making a difference for families worldwide by harnessing technology to both improve the quality and accessibility of childcare in our communities — all while allowing moms an additional source of income to improve their own lives. We have been so impressed with the Momni team, their product, and the impressive traction they’ve generated so quickly. They are a very talented team, working on a significant challenge, and we are proud to work with them in solving it for good.”