Helpling, the online marketplace for household services, announces that it has secured US$22 million investment from ProSiebenSat.1, a European media group. Lakestar and Mangrove Capital also come back to invest in this round.
Collectively, Helpling claimed that it has raised a total of US$97 million in funding since launching in early 2014. It entered Singapore in 2015 via the acquisition of a local business called Spickify.
The company said it will use the new investment to drive growth and expansion across additional verticals.
Philip Huffmann, Co-Founder of Helpling said: “The investment is an important step towards Helpling becoming the hub for all home services. We will now move to the next phase of enabling as many people as possible to find and provide help at home.”
Also Read: Sendhelper wants US$300K to take on Helpling in Singapore
Helpling is a platform that connects households with adjacent service providers such as air conditioning servicing, laundry, and furniture assembling. On the website or via the app, customers can book a vetted and insured cleaner and gain back free time within a couple of clicks.
In the Asia Pacific, the company has established firm market strongholds in Singapore and Australia- with plans to expand into new markets.
James Lim, Managing Director of Helpling Asia Pacific: “The Singapore business has grown 15 folds since its launch and is still one of the fastest-growing markets within the Helpling Group.”
For service providers, the platform makes it easier to access 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 Mangrove Capital, Lakestar, APACIG, Rocket Internet and Unilever Ventures.
Also Read: Household services marketplace Helpling raises funding from Swiss media group
Helpling said that its main markets are Germany and Singapore at the forefront of its innovation. Currently, Helpling offers its services in 10 countries: Australia, Germany, Italy, France, Ireland, UK, UAE, the Netherlands, Switzerland, and Singapore.
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