Helpling secures additional investment of €10M to expand into additional verticals

16 MARCH 2017, BERLIN, GERMANY
Summary
Helpling, Europe’s leading marketplace for booking household services online, has today announced that it has secured EUR 10M additional investment from existing investors, led by APACIG. The investment will be used to expand its marketplace to include additional household services. Collectively, Helpling has raised a total of €67M in funding since launching in early 2014.

Berlin, 16 March 2017: Helpling, Europe’s leading marketplace for booking household services online, has today announced that it has secured EUR 10M additional investment from existing investors, led by APACIG. The investment will be used to expand its marketplace to include additional household services. Collectively, Helpling has raised a total of €67M in funding since launching in early 2014.

In the home cleaning sector, millions of households have been cleaned by service providers booked through the Helpling platform. Today, more than 85% of its business is characterised by long-term customers who require weekly or bi-weekly cleaning.

In January 2017, Helpling launched additional household services across 20 cities in its largest market, Germany, in order to strengthen the company’s position as the leading platform in Europe for booking household services online. The range of new services includes window cleaning, furniture assembling and paint work, to name but a few. Driven by great customer feedback and high demand across the sector, the additional investment will be used to roll out these services to all markets.

Benedikt Franke, Co-Founder of Helpling: “Our core business model is on a clear path to profitability within the next year. The additional investment is an important step towards positioning Helpling as the hub for all home services, and to build an iconic consumer brand.”

Hans-Jürgen Schmitz, Co-founder and Managing Partner of Mangrove Capital Partners: “Today, Helpling dominates the home cleaning sector in Europe. We are very excited to see the original vision of a marketplace for all major household services becoming reality. This puts Helpling in a unique position.”

Spokespeople
About Helpling

Helpling is the leading online marketplace for home services outside the US. On the website or via the app, customers can book a vetted and insured service provider and gain back free time within a couple of clicks. For service providers, the innovative online service makes it easier than ever to find new clients and to manage when and where they want to work.


Helpling was founded in early 2014 by Benedikt Franke and Philip Huffmann. Among its investors are Rocket Internet, Mangrove Capital, Lakestar, APACIG and Accel. Helpling currently offers its services in 9 countries: Australia, Germany, Italy, France, Ireland (hassle.com/ie), UK (hassle.com), UAE, the Netherlands and Singapore.

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