Mom2Mom Acquires ParaBebes.com to Consolidate its Leadership in Spain as the Uber of Mothers

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Mar 22, 2017, 08:05 ET

BARCELONA, Spain, March 22, 2017 /PRNewswire/ -- Mom2Mom - the platform that puts mothers in contact with other mothers to offer or get help for the care of their children - has reached an agreement to acquire the Spanish online portal ParaBebes.com, at a valuation of 1.6 million of euros.

Through this purchase, Mom2Mom - which obtained its second investment round last December - has a total of 200,000 mothers on its platform. With this acquisition, Mom2Mom consolidates its leadership in Spain and triggers its expansion plans in the United States, United Kingdom and France.

Mireia Mir; Marilyn Villatoro; David Perez; Yolanda Descartin, Founder

According to statements by Mireia Mir, founder of ParaBebes.com, a community that helps moms with purchasing decisions through the exchange of information and experiences. - "Mom2Mom offers a very innovative value proposition in our sector that improves the quality of life for mothers."

"This transaction reinforces Mom2Mom in its leadership goal to become the reference in Spain in terms of the largest community of mothers willing to support each other in a collaborative economy, and is the beginning of the process of international expansion for Mom2Mom in the USA , UK and France", says Yolanda Descartín Navés, Founder of Mom2Mom.

For Antonio González-Barros, CEO of Grupo Intercom and majority shareholder of ParaBebes, "the union of Mom2Mom and ParaBebes represents a great leap forward to lead the childcare sector in Spain through an innovative solution based on a collaborative economy." Mom2Mom is a social network that reinvents the current system of nanny services by connecting mothers interested in caring for children in exchange of time or money. Mom2Mom is an effective solution in the important and arduous task of finding other mothers to help care for their children and thereby helping mothers with their hectic lives.

Mom2Mom is a platform that geo-locates other mothers who offer or look for babysitting services through a simple, practical, effective and free to use app.

In the US there are over 50 million mothers of whom 20% are single moms. Each year, more than one million childcare services are hired that compel mothers to juggle motherhood with their careers.

Mom2Mom's reference investors include, among others, the Financial Business Partners Group (FIBUP Group), based in Dallas, Texas; the Business Administration Group (BA) and one of the leading Spanish media groups, Grupo Zeta.

SOURCE Mom2Mom