Movinga GmbH

Movinga GmbH is a technology-driven relocation company that simplifies the moving process for individuals and families through an innovative digital platform, enhancing efficiency and user experience in the logistics of relocation. Movinga GmbH focuses on facilitating relocations by connecting consumers with qualified moving companies. Founded in 2015, the company is headquartered in Köln, Germany. In June 2020, Movinga was acquired by Santo Venture Capital GmbH from previous investors including Earlybird Venture Capital and Rocket Internet SE.

The CEO is Silvio Hinteregger, who has experience in leading other ventures in the tech space. In total, the company has completed 10 deals, raising EUR 15. 000 mn in its Series A funding round led by ETF Partners, bringing its total amount raised to EUR 15. 000 mn with a current valuation of EUR 63.

774 mn. Movinga specializes in providing comprehensive relocation services that facilitate the moving process for both individuals and families. Their core offering includes a digital platform that streamlines the booking and planning of moves, pairing customers with qualified moving companies across Germany and other European countries. The company’s services encompass personalized consultations with dedicated moving advisors who design custom moving plans tailored to individual needs and budgets.

Additionally, Movinga offers supplementary services such as packing and unpacking, furniture assembly, and the establishment of parking zones, which enhance the overall customer experience. Targeted primarily at residents seeking efficient relocation solutions, their clientele includes urban dwellers, families, and professionals moving within cities or across borders, particularly in markets such as Germany, France, and the Netherlands. Movinga generated revenue of EUR 11,691,900 in 2018 with an EBITDA of EUR 3,770,303. 2 in 2021.

The company operates on a B2C basis, facilitating direct transactions between its clients and the moving companies within its network, deriving income through fees associated with moving services. Movinga is currently focused on enhancing its service offerings and expanding into new geographic markets. The company plans to launch additional products designed to improve customer experience and streamline operations. The funding from the Series A round will be directed towards these initiatives and expanding its presence in key markets across Europe by 2022.

In June 2020, Movinga was acquired by Santo Venture Capital GmbH, which will support its growth strategy moving forward.