Movago GmbH Information

Founded in August 2015, the Move24 Group GmbH is a pan-European operator for professional moving services with presence in Germany, Austria, UK, France and Italy. The company has experienced an impressive growth trajectory, enabling close to 2,000 moves within just 3 months. Move24 aims to disrupt the European moving market by building trusted consumer brands in this space and introducing state-of-the-art technology and business processes for local movers to increase their efficiency. Based on a standardized fixed pricing and its self-learning routing algorithm, the company envisions to make professional moving convenient and affordable. For more information visit www.movago.com Berlin, 23 November 2015. Move24 today announced the closing of its Series A financing round led by DN Capital. Former investors Holtzbrinck Ventures and Piton Capital also co-invested in this financing round. Aside from the venture capital firms who invested, notable entrepreneurs Philipp Magin and Ronny Lange (both CityDeal/Groupon and Quandoo) as well as Christian Bertermann, Hakan Koc (both Auto1 Group) and Christopher Muhr (CityDeal/Groupon and Auto1 Group) also backed the company. “We have seen lots of fast-growing companies but very rarely a company with a growth trajectory similar to Move24. The company has everything that it needs to build a global category leader – a strong and highly skilled team with multiple years of experience, a unique approach to disrupt the market and the financial power and backing to fuel technological developments as well as international expansion. We are proud to back the Company and support its path to establish itself as the number 1 player in Europe.” says Nenad Marovac from DN Capital who will be on the Board of the company.