Buzzmove, launched in 2014 and led by CEO Rebecca Downing, provides an online price comparison and booking platform for the moving industry that enables consumers to inventory belongings digitally and purchase home and household contents insurance. The company also offers SaaS-based professional surveying software to moving companies. Buzzmove participated in Startupbootcamp InsurTech prior to the investment. The startup is based in London, UK. The company aims to use raised capital to continue development of its platform. Buzzmove operates an algorithm-powered online marketplace that lets consumers inventory belongings, compare exact quotes from vetted movers and book removals online. Its front end uses proprietary inventory technology with a drag-and-drop interface and an algorithm at the centre to produce instant, exact quotes. The company launched a London beta in November and plans a nationwide U.K. launch and national marketing campaign to scale vendor participation and user bookings. Buzzmove has an exclusive partnership with the British Association of Removers (BAR) to vet and validate vendors listed on its site. Revenue streams include a 13% commission on removal bookings, referral fees for related services, and a monthly recurring SaaS fee. CEO Becky Downing says Buzzmove is first to market in Europe, with U.S. rival Unpakt as the closest competitor.

Total raised

$8M

Funding rounds

2

Latest round

Seed

Latest activity

Aug 2016