Movu
Finds the best local moving and cleaning services for free.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 1 % | (8 %) | 4 % |
| 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
Related Content
Movu operates as a digital platform headquartered in Zurich, Switzerland, streamlining the process of moving and cleaning for private individuals. Founded in May 2014 by Laurent Decrue, Nicolas Bürer, and Anton St-Germain, the company was established to bring transparency and efficiency to the Swiss moving industry. The founders leveraged their diverse backgrounds—Decrue's experience in business development, Bürer's in entrepreneurship, and St-Germain's in technology—to create a solution for the often-opaque market of relocation services.
The company's core business revolves around a comparison platform where users can request and receive multiple quotes for moving services and end-of-tenancy cleaning from a network of vetted partner companies. This service is provided free of charge to the end-user. Movu's revenue model is based on a commission fee it receives from the partner moving and cleaning companies for every successfully brokered deal. This model allows it to offer a broad selection of quality-checked providers without directly charging the individuals who are moving.
A significant milestone in Movu's history was its acquisition by Baloise Group in July 2017. This strategic move integrated Movu into Baloise's 'Home' ecosystem, allowing for synergistic offerings, such as combining moving services with insurance products. Despite the acquisition, Movu continues to operate as an independent entity, maintaining its brand and operational focus. The platform's offering has expanded beyond simple moving quotes to include a comprehensive suite of related services, such as providing moving boxes, arranging final cleaning with an acceptance guarantee, and offering storage solutions, positioning itself as a one-stop-shop for all relocation needs.
Keywords: relocation platform, moving services, cleaning quotes, Swiss market, commission-based, digital brokerage, property technology, home services, Baloise Group, end-of-tenancy
