Movinga offers online booking for city-to-city house moves by combining logistics technology, a consumer app and a two-sided marketplace that works with professional relocation partners. The company currently operates in Germany, France and Sweden and employs almost 220 people. Movinga has expanded through acquisitions, including taking assets and staff from bankrupt competitor Move24, and says it acquired brands, IP, domains and technology from that business. The startup recently launched MovingaNow to enter inner-city local moves and plans real-time on-demand logistics under that brand with an algorithm-driven "Pool Service." It has leased electric Streetscooters for transports and plans a mix of professional companies and student helpers for MovingaNow initially. Planned expansion includes additional European countries (Austria and the Benelux region) and entry into international overseas moves. Movinga says it aims to reduce inefficiencies and under-utilised capacity in the fragmented relocation industry. Movinga is a European platform for house removals that aggregates removal jobs and dispatches work to partner removals companies. The company currently operates in Germany and France, focusing on intercity moves, and says it has facilitated over 30,000 moves since 2016. Movinga reports it is on track for annual revenues "significantly over 20 million Euros." The startup is investing in its technology to automate pricing and dispatch, and is building SaaS ERP tools to digitize processes for removals partners. It is exploring consumer add-on services such as switching electricity providers and arranging home broadband, and is targeting intracity and on-demand removals as future growth areas. The company says new capital will be used for further growth and to achieve operational break-even. Movinga is a Berlin-based removals marketplace that aimed to use technology to deliver instant algorithmically-generated quotes and help removal companies aggregate jobs. The company reportedly burned through much of its $25M Series B, saw two founders leave amid an unsubstantiated allegation of impropriety, and laid off a quarter of its staff. Now under new management, Movinga has raised €17M in a Series C and is positioning to recover. Management says the startup has spent months bolstering its development team and building out the platform to rely far less on manual work for quoting and job organisation. Product work includes a partner portal where removal companies can apply for single or pooled jobs and receive priority based on quality scores from customers. According to the company and investors, the tech has now caught up to its original narrative and investor participation is a vote of confidence in its ability to scale. Movinga is a Berlin-based online relocation startup that offers technology-enabled moving services by bundling professional partners and its own fleet of moving vans. The company claims it can relocate customers for up to 70% less than average moving firms by harnessing excess capacity and efficiently allocating resources. Movinga emphasizes strong customer service as a differentiator from traditional, mostly offline moving companies. It currently operates in Germany, Austria, Switzerland, France and the UK and plans to scale into Italy, the Benelux countries and Scandinavia. The startup is about a year old and has raised financing to support that expansion, including a recent $25 million round and an earlier €6 million funding round. Prior backers include Earlybird, Heilemann Ventures and various business angels such as Florian Heinemann and Philipp Kreibohm. Movinga is an online relocation company that sells and coordinates household moves using technology to bundle resources and manage logistics. The startup combines excess capacity from professional partners with its own fleet of moving vans to keep prices low. Movinga claims it can relocate customers for up to 70% less than average moving companies. The company emphasizes improved customer service compared with mostly offline incumbents. It currently operates in Germany, Austria, Switzerland, France and the UK. The latest investment is intended to help the company scale into Italy, Benelux and Scandinavia. Financially, Movinga has raised multiple rounds and its total funding has reached the "8 figures."

Total raised

$93M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2018