Dubai-based online home services marketplace MoveSouq.com has managed to capture investor attention all the way from Russia. MoveSouq has closed a US$3 million Series A funding round led by AddVenture, a Russia-based global venture capital firm. This fundraising is the startup’s third round, after seed and angel rounds in 2013 and 2015.
Founded by former consultants Bana Shomali and Wim Torfs in 2013, MoveSouq provides quotes and connects users to service providers for a host of home services including moving, cleaning, handyman and insurance services in four cities in the Middle East.
The platform claims to have an extensive network of more than 300 service partners, and counts over 50,000 households in Dubai and Abu Dhabi, who discovered and booked services through the platform in the last year.
Dubai-based home services startup MoveSouq.com raises $3 million from Russia’s AddVentureRead More
