My-Hammer

My-Hammer is a digital platform that connects customers with skilled tradespeople across Germany, facilitating easy access to various home services for homeowners and small businesses. Founded in 2005 and headquartered in Berlin, Germany, My-Hammer operates as a digital marketplace linking customers to tradespeople for home service needs. The company has successfully completed 2 deals and raised a total of USD 3. 20 mn in funding, with the latest round in 2021 led by HV Capital.

The founder’s background information is not available. MyHammer operates as a digital marketplace connecting customers with skilled tradespeople across Germany. Users can post requests for services like plumbing, electrical work, landscaping, and renovations, accessing a network of over 61,000 registered craftsmen across more than 35 trades. The platform allows customers to receive bids, read reviews, and review tradesmen's profiles, simplifying the hiring process for reliable service providers.

MyHammer aims to expand its operations into other European countries as part of its affiliation with the Instapro Group. In 2021, MyHammer reported a revenue of USD 28,155,250. 40 and an EBITDA of USD 9,115,016. 70.

The company generates revenue through a transaction-based model where service providers pay for leads and successful job completions, ensuring a consistent income stream as the platform connects clients with service providers. MyHammer plans to introduce new product features designed to enhance user experience and facilitate easier engagement between clients and tradespeople. The company is also targeting expansion into additional European markets by the end of 2023. The recent funding of USD 3.

20 mn will support these growth initiatives and enhance the platform’s functionalities to accommodate a larger user base.