About Move24
Move24 is a company based in Berlin (Germany) founded in 2015 was acquired by Movinga in March 2018.. Move24 has raised $35.89 million across 4 funding rounds from investors including Movinga, Innogy and DN Capital. The company has 113 employees as of December 31, 2020. Move24 operates in a competitive market with competitors including Movinga, Movago, Relocately, ReloSync and Robbe, among others.
- Headquarter Berlin, Germany
- Employees 113 as on 31 Dec, 2020
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Movinga Gmbh
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Funding Insights of Move24
Move24 has successfully raised a total of $35.89M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $14.3 million completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $14.3M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series C - Move24 | Valuation | innogy.ventures | |
| Oct, 2016 | Amount | Series B - Move24 | Valuation | innogy , DN Capital |
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| Nov, 2015 | Amount | Series A - Move24 | Valuation | DN Capital , Piton Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Move24
Move24 has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Movinga, Innogy and DN Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on software, fintech, marketplaces, and consumer internet
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Founded Year | Domain | Location | |
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European stage agnostic VC firm
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Founded Year | Domain | Location | |
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Provider of early-stage venture capital funding for European technology companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Move24
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Move24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Move24 Comparisons
Competitors of Move24
Move24 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Movinga, Movago, Relocately, ReloSync and Robbe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Relocation services are matched via an online marketplace platform.
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| domain | founded_year | HQ Location |
Operates a digital hub for relocation and moving services.
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| domain | founded_year | HQ Location |
Relocation services are booked and tracked via an online marketplace.
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| domain | founded_year | HQ Location |
ReloSync is an AI-powered companion that assists newcomers with seamless relocation experiences.
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| domain | founded_year | HQ Location |
It serves as a robben wientjes - robbe mieten per app.
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| domain | founded_year | HQ Location |
Operates a marketplace for booking relocation service providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Move24
When was Move24 founded?
Move24 was founded in 2015.
Where is Move24 located?
Move24 is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Move24 a funded company?
Move24 is a funded company, having raised a total of $35.89M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.45M, raised on Sep 12, 2015.
How many employees does Move24 have?
As of Dec 31, 2020, the latest employee count at Move24 is 113.
What does Move24 do?
Move24 was founded in 2015 and is headquartered in Berlin, Germany. Relocation services are provided across Europe, with operations in Germany, France, Italy, the United Kingdom, Spain, the Netherlands, Austria, and Switzerland. A fixed fee covers moving supplies, vehicle fuel, transportation, loading and unloading, and insurance. An online platform is utilized for obtaining quotes, followed by employee guidance on inventory lists and the full process.
Who are the top competitors of Move24?
Move24's top competitors include Movinga, Relocately and Movago.
Who are Move24's investors?
Move24 has 11 investors. Key investors include Movinga, Innogy, DN Capital, Piton Capital, and Cherry Ventures.
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