Earlybird backs Movinga’s €5m round

While Earlybird and GFC have raised their stakes, previous backer Index Ventures also reinvested but but saw its stake diluted, according to local publication Manager Magazin. An official statement by the startup was not available at the time of publication.

Movinga has attracted negative headlines in recent months after laying off 150 employees, a police investigation against the founders for document fraud and their subsequent resignation, and the company's withdrawal from the UK and Italy. Movinga is now looking to get back on track with a new management, now headed by Finn Hänsel und Christoph Müller-Guntrum, and on a smaller scale.

Previous funding
In January 2016, Index Ventures led a $25m series-B for Movinga, alongside the company's existing backers.

The startup had closed its first funding round in August 2015, announcing that Earlybird and a number of business angels had invested a seven-digit sum in the company.

The next capital injection followed in October that year, when existing backers joined Global Founders Capital for a €6m round. In November 2015, Finn Age Hänsel joined the company as an investor as well as managing director.

Company
Founded in January 2015 and based in Berlin, Movinga lets users organise their house move online. The company has its own fleet of removal vans and also borrows spare vehicles from other removal firms. 

People
Index Ventures - Timm Schipporeit (investor).
Earlybird - Hendrik Brandis (co-founder, partner).

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Earlybird
• Index Ventures