Movinga Explained

Movinga
Industry:Relocation, Courier and logistics services
Founded:2015
Founders:Finn Haensel, Bastian Knutzen and Chris Maslowski
Hq Location:Berlin
Num Locations:Berlin, Paris, Stockholm
Area Served:Austria, Germany, France, Switzerland
Net Income:€16m in 2017, €28m in 2018
Key People:Silvio Hinteregger, Tobias Hinteregger (Co-CEOs)

Movinga is an online platform-based moving company with its official headquarters at Moabit, Berlin, Germany.[1] Movinga was founded in 2015. It specializes in house removals and relocation and can also be used to 'find and book' other listed moving companies, based on the buyer's preference.[2] [3] [4] [5]

History

Founded by Bastian Knutzen and Chris Maslowski in 2016, the company began by booking household moving services for students online. In May 2015, they moved their headquarters from Vallendar to Berlin. Later, the MVP version[6] of the platform was released - a home removal platform built with Ruby on Rails, PostgreSQL, Grape, Babel. In 2016, the company was active in at least seven countries.[7] [8] Today, Silvio Hinteregger and Tobias Hinteregger are the CEOs of the company.

Model

Movinga's business model is online based. Customers first need to provide their source and destination via the moving website. The quotation for the job is then exchanged with the customer. Once the customer accepts the quoted price, the process is initiated, and the task completed. SMACC, in a digitized process, handles all the invoices of Movinga.[9] The company has also leased street scooters (Electric Minivans) for transportation.[10]

Capital

Movinga has raised a total of $92.9M in funding from over six rounds of funding.[11] [12] [13] [14] [15] [16] [17] [18] [19] [20]

Acquisition

Movinga has acquired shares in Move24 and Transfer24.[21] [22] [23]

Awards and recognition

Movinga has been awarded as the Service Champion 2020 by "DIE WELT" in the category relocation.[24]

Movinga has received the "Deutscher Mittelstandspreis" or "German Mittelstand" Prize for its "valuable contribution to the principles of a social market economy.” The award was presented by the Small and Medium-Size Business Association of the governing Christian Democratic Union.[25]

External links

Notes and References

  1. Web site: Movinga. Data502. 2020-04-30.
  2. Web site: An online removals startup in Germany has raised $25 million from Index Ventures and other investors. Business Insider. 2018-12-07.
  3. Web site: Reinventing How People Move Bulky Items From A to B. The Hundert. en-US. 2018-12-07.
  4. Web site: Today in Germany: Laremia, Movinga, ChartMogul. 2015-08-26. HEUREKA magazine. en-US. 2018-12-07.
  5. Web site: Is Boston the Best City to Find a Job in the World? This Global Study Says So. BostInno.
  6. Web site: Movinga - online home removals marketplace - Syndicode. 2021-02-24. Syndicode - Custom Software Development Company. en-US.
  7. Web site: Roller coaster: How one of Germany's most-hyped startups turned its fortunes around. Handelsblatt. en. 2018-12-07.
  8. Web site: Confusion as Movinga's founders resign. themover.co.uk. 2018-12-07.
  9. Web site: Movinga. SMACC. en-US. 2018-12-07.
  10. Web site: Movinga, the European house removals platform, raises further €15M. todayatvin. 2018-11-22. Today at Vin. 2018-12-07.
  11. Movinga Announces New Funding of 22 MIO EUR. earlybird.com. 2018-12-07.
  12. Web site: Movinga raises €15 million and plans to expand its relocation services across Europe. EU-Startups. Loritz. Mary. 22 November 2018. en-US. 2018-12-07.
  13. Web site: Germany's Movinga raises €22 million in fresh round of funding. Tech.eu. en-US. 2018-12-07.
  14. Web site: Movinga Closes New Funding Round at €15 Million. earlybird.com. 2018-12-07.
  15. Web site: Movinga raises $26 million US after restructuring. Rodriguez. Kate. 2017-10-20. AIM Group. en-US. 2018-12-07.
  16. Web site: Movinga Raises €22M in Funding. 2017-10-23. FinSMEs. en-US. 2018-12-07.
  17. Web site: Movinga closed €15 million in further funding. Korkishko. Iryna. Syndicode. en-US. 2018-12-07.
  18. Web site: Movinga Wins €17m Funding Round. 2016-12-08. Red Herring. en-US. 2018-12-07.
  19. Web site: Movinga, the European house removals platform, raises further €15M. TechCrunch. en-US. 2018-12-07.
  20. Web site: German online relocation startup Movinga bags $17.1 mln in funding round. INVESTSIZE. 2018-12-07.
  21. Web site: Movinga acquires bankrupt rival Move24. Rodriguez. Kate. 2018-03-28. AIM Group. en-US. 2018-12-07.
  22. News: Movinga, the European house removals platform, raises further €15M. 2018-11-22. DeepFind. 2018-12-07. en-US.
  23. Web site: Movinga, the European house removals platform, raises further €15M. 2018-11-22. kwonlog. 2018-12-07.
  24. Web site: Umzugsunternehmen.
  25. Web site: Industry Darling: Startups, a Cautionary Tale. www.handelsblatt.com. en. 2018-12-07.

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