Movinga, a Berlin, Germany-based online moving company, secured $25m in Series B funding.
The round was led by Index Ventures with participation from existing investors.
The company intends to use the funds to accelerate business development and rollout internationally.
Founded in January 2015 by Bastian Knutzen and Chris Maslowski, who were joined by Finn Haensel, former MD of Australian fashion company THE ICONIC, Movinga uses technologies and a network of local logistics partners to offer its service in Germany, Austria, Switzerland, Great Britain, France and Italy. The company utilizes excess capacities from professional regional removal partners to keep prices low and allows customers to plan their removal on the Internet.
Movinga, which currently employs 300 employees, is also backed by Earlybird Venture Capital, Heilemann Ventures, Florian Heinemann (Project A Ventures), Christian Vollmann (MyVideo), Philipp Kreibohm (Home24), David Khalil and Lukas Brosseder (eDarling), Marco Vietor (audibene), Tim Marbach (KaufDA), Global Founders Capital, the venture arm of Rocket Internet SE.
FinSMEs
04/01/2015