Movago GmbH announced that it has received €7 million in its series A round of funding led by new investor DN Capital on November 23, 2015. The transaction included participation from existing investors, HV Holtzbrinck Ventures Adviser GmbH, Piton Capital LLP, and business angels. As part of the transaction, Nenad Marovac of DN Capital has joined the company’s board of directors.
Movago GmbH offers relocation services. The company was founded in 2015 and is based in Berlin, Germany. The company annouced it will use this new capital to continue to invest in its technology and to further support the mover business processes. Movago was founded by Carsten Bild and Maximilian Lanig.
DN Capital was founded June 2000 and now has operations in London, Berlin and Silicon Valley with € 239 million under management. The company is a global early stage and growth capital investor in software, mobile applications, digital media, marketplace and e-commerce companies.