Care.com (NYSE: CRCM), an online personal services marketplace platform that ranks among the largest human cloud firms, announced Google Capital made a $46.35 million investment in the company, which makes Google Capital the largest shareholder in Care.com.

Laela Sturdy, a partner at Google Capital, will join Care.com’s board.

“We are thrilled to announce this investment and to partner with Google Capital during our next phase of growth,” said Sheila Lirio Marcelo, founder, chairwoman and CEO of Care.com. “We remain focused on delivering on our vision of building a global marketplace for care to help solve the needs of millions of families and caregivers.”

Under the terms of the agreement, Waltham, Mass.-based Care.com issued a newly authorized series of convertible preferred stock to Google Capital, at an initial conversion price of $10.50 per share, representing a 21% premium to the 30-day volume-weighted average trading price ended June 27.

Care.com used $30.5 million of the investment to repurchase 3.7 million shares of its common stock from Matrix Partners at a price of $8.25 per share.

The Boston Globe reports the investment is Google Capital’s first in a publicly traded company; it also owns stakes in private tech companies including job-rating website Glassdoor Inc. and fantasy sports company FanDuel Inc.

Launched in 2007, Care.com counts 11.0 million families and 8.6 million caregivers across 16 countries —  including the US., UK, Canada and parts of Western Europe — and approximately 800,000 employees of corporate clients with access to its services.