and bringing Marcelo in as CEO. Matrix Partners did not invest in either firm and, months later, Marcelo founded Care.com and received $3.5 million in Series A funding from Matrix Partners, with Reid Hoffman, co-founder of LinkedIn also participating in that round. The Boston Globe reported on several allegations that Marcelo had met with other companies in order to use the information for starting Care.com. A spokesperson for Matrix responded denied any claims of "unfair treatment". The company went public January 24, 2014. From its founding in 2006 through August 2012, Care.com had raised more than $111 million in venture capital from investors, including LinkedIn founder Reid Hoffman. In August 2019, Care.com announced that Marcelo would transition from CEO to executive chairwoman. In December 2019, Care.com was acquired by IAC for $500 million and is no longer publicly traded. Proof of Learn Marcelo announced her involvement with Proof of Learn (POL) in January 2022. The Web3 "learn-to-earn" platform facilitates skill advancement in the metaverse by rewarding users with cryptocurrency and collectible NFT credentials. POL raised $15 million in a funding round led by New Enterprise Associates. Awards and honors Marcelo was named one of the top 40 entrepreneurs under 40 years of age by the Boston Business Journal (2009), one of the 10 most powerful women entrepreneurs by Fortune Magazine (2009), one of the 10 most powerful women in Boston Tech by The Boston Globe, to The Aspen Institute’s 2012 Class of Henry Crown Fellows, a "Tech Luminary Innovation All-Star" by the Boston Business Journal (2012), and one of The Boston Globe's 100 Innovators of 2013. In 2010, she received the Ernst & Young Entrepreneur of the Year Award. In 2011, Marcelo was awarded a Marshall Memorial Fellowship and named as a Young Global Leader by the World Economic Forum. In 2013, she was inducted into the Academy of Women Achievers by the YMCA.) In 2014, Marcelo received the prestigious Harvard Business School alumni award, "for her achievements as founder, chairwoman and CEO of Care.com". She is the second Filipino alum, after Jaime Zobel De Ayala, to be honored with this award. Also in 2014, she was bestowed one of the highest honors for Filipinos, the Filipino Heritage Award or Pamana ng Pilipino from President Benigno Aquino III of the Philippines for her "excellence and distinction in the pursuit of [her] work or profession." In April 2015, Marcelo received an