VCs back Movinga - reports

Existing investors Santo Venture Capital, Earlybird Ventures, Global Founders Capital, STS Ventures and ETF Partners participated in the funding round. Seven Ventures, the venture arm of media company ProSiebenSat.1, also joined the round as a new investor.

The firms invested at least several million euros, according to press reports.

Seven Ventures now holds at least 3.1% in Movinga. The VC will not have received these shares at a discounted price. Santo owns a 33.5% stake, Earlybird holds 23.3%, ETF holds 11.3%, Global Founders holds 10.7%, and STS holds 5.2%, according to press reports.

Previous funding
Movinga raised its first funding round in 2015, announcing that Earlybird and a number of business angels had invested €1-9m in the company.

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

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

Earlybird led a €5m funding round in 2016, alongside Rocket Internet.

In 2017, Santo backed a €22m funding round for Movinga alongside Rocket Internet and Earlybird. Santo invested €18m, structured in two €9m tranches. Earlybird and Rocket Internet provided a further €4.4m.

ETF led a €15m funding round in 2018 with participation from Santo, Earlybird, and Rocket Internet.

Company
The company offers a website that organises and assists with removals, particularly between cities. Founded in 2015, Movinga employs 200 people and is headquartered in Berlin. The company operates in Germany, France and Sweden.

People
Movinga – Finn Age Hänsel (CEO).

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• Topics
• Expansion
• DACH
• Consumer
• Earlybird
• Germany
• Rocket Internet