Movinga, an European online moving company has announced it securing $25 million in Series B round of funding led by Index Ventures.
Founded in 2015 by Bastian Knutzen and Chris Maslowski,, the European startup Movinga is redefining the means people are moving through smart technologies and a vast network of local relocation partners. The service offers instant quote and book book your home removal with no need for an in-person home inspection. The startup claims to relocate people for up to 70% less than the average moving company.
With the fresh funds, Movinga plans to accelerate business development and expand its international territories. It already has its presence in Austria, Germany, France, Italy, Switzerland and the UK. The latest round which increase the total funds of the company to $31.82 million comes just after four months after Movinga announced two other large funding rounds which suggests that the company could be on to something big.
Knutzen said, “We are delighted to be closing our Series B investment after launching only eleven months ago. We are particularly proud to welcome such a renowned investor as Index Ventures. Movinga is the first global moving company that is truly reinventing the industry.”
“We are hugely impressed by Movinga’s flawless execution and rapid internationalisation,” said Index Ventures’ Timm Schipporeit. “We firmly believe in their vision to build Europe’s leading marketplace for removals, a huge category which had yet to be addressed. Bastian and the team offer customers a vastly enhanced and seamless experience when it comes to requesting a price, booking and conducting a move. Similarly, Movinga provides leading removal companies with a comprehensive end-to-end marketing, booking and planning platform, creating extraordinary efficiencies for all parties.”
Hendrik Brandis, Co-Founder and Partner Earlybird Venture Capital said, “We are supporting Movinga since its foundation and were convinced by their model and team from the very first day on. That’s why we are very happy that now a prominent international investor joins our ranks as the company begins to roll-out its business fast in more and more countries.”