Business Wire

Armut & ProntoPro Merge and Raise €15 Million To Be the Leading Local Services Marketplace in EMEA

Share

The European online local services have seen significant growth during the pandemic. Starting from early phases of the pandemic, people have given more importance to their houses. So, most of the customers started to look for online ways to improve their homes and personal needs. That helped to accelerate the growth of local services marketplaces like Armut and ProntoPro.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220907005608/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Armut co-founder Erol Değim - Armut co-founder Başak Taşpınar Değim (Photo: Business Wire)

Founded in 2011, Armut operates in 8 countries with 2 brands in the EMEA region. The tech company has more than 700.000 service providers in 4.000 categories. Armut's all-in-one local services platform offers the full range of local services with ease and high levels of satisfaction today's consumers seek - whether that means getting your home painted, finding a math tutor for your child or finding an online psychologist. Similarly, ProntoPro aims to match customers and local service providers since 2015. The leader of the Italian market is growing in other 5 European countries, more than 5 million customers have been supported by 690.000 professionals.

New investment round of €15 million

Armut and ProntoPro’s explosive organic growth and modern take on local services enabled the merged company to raise €15 million in new funding. The round was led by ProntoPro’s investors. Armut had done previous investment rounds with European venture capital firms; Hummingbird and Addventure.

Armut co-founder Başak Taşpınar Değim said that the new funding will enable the company to triple its investment in product and headcount, expand services across all European markets, and pave the path toward this new company becoming the clear leading local services marketplace in Europe.

Armut co-founder Erol Değim wrote: “Our vision and the way we develop the product is very similar to ProntoPro. By joining forces together we’ll accelerate our growth and we’ll continue to create the best solutions for our customer's service needs.”

İstanbul and Milano headquarters will continue to grow their teams. Now the company has 206 employees from 22 nationalities and with the average age below 30. There will be new jobs opening in the following months in both headquarters.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Gizem Ekiz | VP Marketing @Armut
gizeme@armut.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Linksys Announces the Next Step in Home and Small Office Network Security27.9.2023 20:00:00 EEST | Press release

Linksys®, an iconic Home and Small Office connectivity company, announces in a statement of direction the new Cognitive™ Security capability, which will complement the newly released Designer Series through the end of the year. Cognitive Security technology will then be released in the soon-to-be announced Icon Series later this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230927310620/en/ Image of one white WiFi node, one grey WiFi node and one black WiFi node placed in a zig-zag formation (Photo: Business Wire) Designer Series products that will feature Cognitive Security are: Velop® Pro 6E – currently shipping Velop Pro 7 – shipping in September Velop Micro Router 6 – expected in October/November Velop Micro Mesh 6 – expected in October/November The term “Cognitive” in the technology space refers to “thinking technologies,” which can deterministically, either by user selection or automation, solve problems. In Pha

LumiThera Receives Notice of Award for National Eye Institute Grant to Support a 3rd Year Extension to LIGHTSITE III, the U.S. Multi-Center Clinical Trial for Treating Dry Age-Related Macular Degeneration27.9.2023 18:28:00 EEST | Press release

LumiThera Inc., a medical device company commercializing a photobiomodulation (PBM) treatment for ocular disorders and disease, today announced it is a recipient of a small business innovative research (SBIR) phase II grant from the National Institute of Health (NIH) and the division of the National Eye Institute (NEI) of up to $2.3M in funding over two years. The NIH/NEI grant supports an open-label human clinical trial in U.S. intermediate dry age-related macular degeneration (dry AMD) subjects that participated in the pivotal LIGHTSITE III trial. LIGHTSITE IIIB will treat patients for 4 rounds of treatment over fourteen months. Sham patients in the previous study will be able to cross over and begin PBM treatment. The LIGHTSITE IIIB extension trial follows the successfully completed LIGHTSITE III trial, which showed a sustained, mean increase in best corrected vision acuity (BCVA) letter score of >5.0 letters from baseline at the 13- and 24-month timepoints (p < 0.0001) using the Co

XPENG Shipped 750 Vehicles to Israel, Coming Closer to G9 and P7's Launch in October27.9.2023 17:02:00 EEST | Press release

XPENG (NYSE: XPEV and HKEX: 9868), a leading smart electric vehicle company, today announced that it has shipped 750 vehicles for the Israeli market, marking this the largest single batch of export this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230927239985/en/ Hey XPENG, navigate to Israel! (Photo: Business Wire) The batch left the Guangzhou Port after the conclusion of a ceremony that included local customs officials and port representatives. “We're very grateful for the support of our partners and the local customs officials as we take a significant step toward launching in Israel," said Eric Xu, VP of International Markets, XPENG. "With the help of our local partner, Freesbe, the launch of our smart EVs is just around the corner—and we can't wait." The two models expected to be available in Israel, XPENG P7 and XPENG G9, have also been adapted to meet the preferences of local drivers. Together with Freesbe, wi

SoftServe Debuts Sage, the AI Pathfinder, at Money20/2027.9.2023 16:03:00 EEST | Press release

SoftServe, a premier IT consulting and digital services provider, will debut Sage, the AI Pathfinder, a financial intelligence consultant powered by Generative AI using NVIDIA Avatar Cloud Engine (ACE), at Money20/20 USA. Attendees can interact with the immersive experience offering financial decisioning and education at booth #13117 starting Oct. 22. Sage, the AI Pathfinder, is enhanced with a customized ChatGPT module combined with visual avatars and dynamic content. It features real-time information processing for interactive decision-making to offer personalized financial recommendations. Financial wellness is a struggle for 58% of Americans living paycheck to paycheck. Only 51% have more emergency savings than credit card debt. “A lack of financial literacy is a big part of this problematic equation,” said Filippa Noghani, AVP of Marketing at SoftServe and NYC Fintech Women Board Member. “Generative AI technologies create promising educational opportunities, especially for millenn

PPG’s COLORFUL COMMUNITIES program marks 500th project with makeover at Carnegie Science Center in Pittsburgh27.9.2023 16:00:00 EEST | Press release

PPG (NYSE:PPG) today announced the completion of its 500th COLORFUL COMMUNITIES® project – a colorful and transformational makeover at Carnegie Science Center in Pittsburgh. More than 80 volunteers marked the milestone by creating science-themed murals and applying fresh paint and color in learning spaces around the center. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230927335327/en/ PPG volunteers completed the 500th COLORFUL COMMUNITIES® project at the Carnegie Science Center in Pittsburgh, kicking off a month-long, worldwide celebration. (Photo: Business Wire) Completion of the 500th Colorful Communities project kicks off a month-long, worldwide celebration of the volunteers, community partners and individuals who have helped to bring color and brightness to PPG communities. From China to the Netherlands, additional projects are planned across the world to mark the milestone. “When we launched the Colorful Communities

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom