DAD
DIY advice and home repairs.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | €2.8m | Seed | |
| Total Funding | 000k | ||
| EUR | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | 201 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
DAD.co, founded in London in 2015 by Ben Wynn, operates as a mobile platform providing on-demand home services. The company has secured $4.7 million in total funding over two seed rounds, with both rounds led by HomeServe, a key institutional investor along with Keiretsu Forum. The initial seed round on May 27, 2016, raised $2.24 million, followed by a second round on May 8, 2022, for $2.47 million.
The core of DAD.co's business is an application-based platform that offers homeowners immediate access to home repair professionals. Users can connect with experts via a face-to-face video call for instant advice on a range of issues, from general DIY to specific home repairs. This initial video consultation serves to diagnose the problem, allowing a technician to arrive prepared with the necessary parts for an on-site fix if required. This model aims to streamline the repair process, saving time for both the customer and the technician.
The company's revenue is generated through the services provided via its app. All payments for consultations and home visits are processed securely within the DAD app using a credit or debit card. This integrated payment system offers convenience and security for its users. DAD.co emphasizes the quality and reliability of its service by ensuring all its technicians are thoroughly vetted, experienced, and insured. To build customer trust, the company guarantees its work, offering to rectify any issues with the service or provide a refund.
The market for on-demand home services is competitive, with DAD.co facing competitors such as Handy. The platform's distinct approach lies in its initial video-call diagnosis, which differentiates it from other services that may require an initial in-person visit for assessment. This positions DAD.co as a more immediate and potentially cost-effective first step for homeowners facing repair and maintenance challenges.
Keywords: on-demand home services, home repair app, video call expert, DIY advice, vetted technicians, home maintenance, property technology, proptech, mobile platform, repair service, handyman app, HomeServe, Keiretsu Forum, Ben Wynn, London startup, seed funding, virtual consultation, home services marketplace, insured technicians, guaranteed work