Notion and NEA back Move Guides

The angel investors that took part in the round alongside Notion and NEA included Sherry Coutu, Tom Hulme, Sean Park, Dale Murray and Kevin Eyres.

The capital injection marks the second round of funding for Move Guides and brings the company's total amount raised from outside investors to $2.4m. In July last year, the company secured £400,000 in angel funding from a syndicate comprising Eyres, Park, Coutu, Hulme, Murray, Jeremy Yap and Alex Viall.

The employee relocation industry currently has a market value of $40bn, according to Notion.

Company
Founded in 2011 and headquartered in London, Move Guides provides a software-as-a-service (SaaS) employee relocation platform, which is designed to simplify the employee relocation process while significantly reducing the costs.

For companies, the SaaS platform provides outsourced relocation support and services including data and analytics reporting on employee spending and vendor prices. For the individual employees that are relocating, Move Guides provides access to city guides, a relocation management platform and multiple suppliers for several services including shipping, temporary accommodation, mobile phones and accountants.

Move Guides' services are available for moves to more than 85 cities across six continents. The company claims to have completed thousands of employee moves with a satisfaction rate of 99%. Clients range from large global corporations to start-ups.

People
Brynne Herbert is the founder and CEO of Move Guides. Jos White is a partner at Notion, while Patrick Chung is a partner at NEA.

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