Apacig leads €10m funding round for Helpling

Apacig was formed in 2014 by German tech investor Rocket Internet and Qatari telecommunications giant Ooredoo. Rocket Internet had previously backed Helpling alongside other German venture capitalists.

Helpling will use the extra capital to expand its service offering into additional household tasks. Co-founder Benedikt Franke said in a statement that the current business trajectory should see the company reach profitability within the next year.

Previous funding
Helpling has raised more than €67m since inception. In December 2014, Mangrove Capital led a €13.5m series-A round alongside Phenomen Ventures and Point Nine Capital, with the goal of improving the product and marketing efforts.

Then in March 2015, a consortium including Lakestar, Kite Ventures and Mangrove participated in a €43m series-B round.

Company
Founded in 2014 and headquartered in Berlin, Helpling is an online marketplace platform for cleaning and household services. It currently operates in nine countries across Europe and Asia. Since launching in 2014, Helpling has expanded its staff from just eight to 250.

People
Mangrove Capital Partners – Hans-Jürgen Schmitz (managing partner).
Helpling – Benedikt Franke (co-founder); Philip Huffmann (co-founder).

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Venture