Daycare Finder Secures Futurpreneur Loan
$30,000 loan to CubbySpot to go to product development, marketing
Toronto, Canada, March 22, 2016 (Newswire.com) - TORONTO – A startup dedicated to helping parents and daycares secured a much-anticipated loan from Futurpreneur earlier this week.
CubbySpot – a website and app which allows parents to find daycare spots for their children in all major Canadian cities – will use the $30,000 loan for continued product development, including implementing upcoming features like daycare matching, private messaging and daycare referrals, as well as for marketing.
The Toronto-based initiative, founded by chief executive officer Regnard Raquedan and his wife, Liza, has 12,000 daycares in its database. This is the largest collection of daycare listings across Canada in a mobile app, and the company was named one of Toronto's Most Promising Startups by the Founder Institute Toronto.
Marcus Wolfe, Client Relationship Manager at Futurpreneur, described CubbySpot as “the missing link between parents and daycare providers.”
“It is a needed service that left us wondering why it hadn’t been thought of until now,” Wolfe said. “Thoroughly researched and responsive to parent and daycare provider needs, CubbySpot takes much of the doubt and follow-up out of the vital service of finding and accessing good quality, local daycare.”
CubbySpot and Futurpreneur Canada were first introduced through the Founder Institute, which is a Futurpreneur partner.
Futurpreneur worked closely with CubbySpot as the business was developed and refined.
Impressed with Raquedan’s initiative – CubbySpot was named one of three finalists at the 2015 Ignite Capital startup competition in the Immigrant category, and was one of the 10 winners at the 2016 Brightlane Entrepreneur Award, as well as being one of 30 finalists in the Global Innovation through Science and Technology (GIST) Tech-I Competition – Futurpreneur is pleased to support the company, Wolfe said.
“We offered support, feedback and resources to help the CubbySpot entrepreneurs further strengthen their business, and we are proud to provide CubbySpot with financing and mentoring support,” he concluded.
About CubbySpot Inc. – CubbySpot Inc. is a Toronto-based company that connects parents and daycares. Founded in February 2015, the company is dedicated to helping parents find the quality child care and enabling child care centres to fill openings faster and smarter. Visit http://www.cubbyspot.com for more information.