Move24 Group, the relocation service provider, has just closed its Series B financing round, raising €13 million in total. innogy SE has joined the group of investors in the German startup and leads the financing round with existing investors Holtzbrinck Ventures, DN Capital, Piton Capital and Cherry Ventures.
With the fresh capital, Berlin-based Move24 will strengthen its position as a leading fullservice provider in the relocation sector. The new financing will be used to expand its position as market leader in Central and Western Europe, and broaden its range of services offered.
Move24 was founded in 2015 and will now further invest in technology to simplify the relocation process and improve the customer experience, as well as developing an algorithm which optimises relocation routes. It will continue to focus on the ten European markets in which it is currently active.
Anton Rummel, Co-CEO of Move24 stated: “Collaborating with innogy is an important step into the future. For the first time, Move24 will be able to offer the complete spectrum of relocation services which previously were time-consuming and tedious.”
The relocation service provider aims to establish itself as a fullservice provider for anyone who has to relocate. innogy supports the innovative Berlin-based company with the know-how and experience of an established European energy company.