Berlin-based service tech startup Handly has raised €1.5 million in funding to bring digital innovation to the home improvement market. The pre-seed round was led by The Delta and backed by Europe’s leading founders and CEOs of unicorn and publicly listed companies, including Julian Teicke, founder of wefox, Lucas Cranach, founder of One Football, Jon Oringer, founder of Shutterstock, and Patrick Andrä, founder of HomeToGo.
Founded by Bastian Meyer and Klaas Krüger, Handly aims to digitise the entire home improvement services industry, which is estimated to be worth €5 trillion worldwide. Handly focuses on newly founded businesses that want to scale up their business anywhere in the world. It has already built the first product, which allows tradespeople to qualify leads and schedule their work more efficiently. It is now integrating its payment features and shoring up partnerships with financial institutions to offer factoring services.
The company currently has more than 300 businesses using its platform.
Bastian Meyer, CEO and founder of Handly, said: “One of the biggest pain points for small companies is getting paid and managing payments. We realised this is a huge, untapped market opportunity to really help digitise the entire experience from end-to-end.”