Moveme.com (United Kingdom) - Jan 2008

Balderton Capital has led a £3.4m series-A funding round for online home moving specialists Moveme. com. Advent Venture Partners, which co-invested with The Accelerator Group and Lastminute.com founder Brent Hoberman in a seed funding round in October 2006, also participated in this financing, becoming the largest shareholder in the business. The new capital will be used in further product development and marketing, as well as to fund additional recruitment.

Company

Moveme.com has developed a free online service designed to help people when moving home. The company provides users with a personalised online planner to help manage and streamline the home moving process, as well as enabling customers to save money by directly accessing exclusive discounts and offers with many related service providers. Moveme, which recently won the Yahoo! Peoples Choice for Find of the Year Award, has grown its customer base by 100% in the past six months, currently serving 62,000 registered users. The business is based in London and employs 25 staff.

People

Sean Seton-Rogers led the investment for Balderton and will join the Moveme board, alongside Frédéric Court from Advent and Robin Klein from the Accelerator Group. Mark Cunningham is the co-founder and CEO of the company.

Advisers

Company - Brown Rudnick, (Legal)Equity - Nabarro, (Legal)

Sourced from: UK & Ireland unquote" 362 (Feb 2008)

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• Topics
• UK / Ireland
• Early-stage
• Consumer
• United Kingdom