Helpling raises EUR 43M in funding
25 MARCH 2015
SummaryHelpling, the leading global platform for on-demand home services, has secured EUR 43M in Series B funding. The investment was led by Lakestar, Kite Ventures, Mangrove Capital Partners, Lukasz Gadowski and Rocket Internet. With the EUR 13,5M Series A funding in 2014, Helpling has now raised a total of EUR 56,5M in less than one year after launch.
Helpling enables customers to book a vetted and insured cleaning professional online at a competitive price. This reduces the lengthy search through agencies, classified listings or recommendations on the black market to a simple 60 seconds process.
“Home services represent a fantastic global opportunity and we are expanding rapidly in this category. This investment is a great vote of confidence in our vision to become the natural choice for anybody seeking professional help for their home”, said Benedikt Franke, Co-founder of Helpling. “We will use this funding to increase our leadership in customer experience and regional availability in our markets.”
Henrik Persson, Partner at Lakestar, said: "Lakestar has a great experience in investing in leading market places around the world. We are very impressed by Helplings team and rapid growth, already being present on three continents and leading all its markets. The home service market is a huge market that will benefit massively from the increased transparency and comfort that Helplings platform offers.”
The funding follows the company’s rapid expansion throughout Europe and beyond. Helpling first started its service in Berlin in March 2014. Today, less than one year after launch, Helpling is available in more than 200 cities globally.
Philip Huffmann, Co-founder of Helpling: “Our outstanding product and operational expertise enabled us to build an international platform from the beginning. We have convinced more than 50.000 households to book a cleaner on Helpling in less than one year. The funding will allow us to expand our globally leading user experience and accelerate our path of sustainable growth.”
The Berlin based startup Helpling is the leading global online platform for on-demand home services. On the website or the mobile app, customers can book a vetted and insured cleaner in a couple of clicks. The innovative online service gives people more time to enjoy the nice things in life: family, friends and free time.
Helpling was founded by Benedikt Franke, Philip Huffmann and Rocket Internet in January 2014. The company currently has more than 250 employees and offers its service in more than 200 cities globally. This makes Helpling the most widely available online marketplace for on-demand home services in the world.
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About Rocket Internet
About Rocket Internet
Rocket Internet incubates and invests in Internet companies with proven business models. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet’s selected companies are active in a large number of countries around the world with more than 28,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.