Germany-based home renovation services provider Homebell has raised €11m ($13.6m) in a series B round that included subsidiaries of media company ProSiebenSat.1 and insurance groups Helvetia Insurance and Axa.
SevenVentures, Helvetia Venture Fund and Axa Germany participated together with Kompass Digital, Lakestar, Global Founders Capital (GFC) and Index Ventures.
Founded in 2015, Homebell runs an online platform where customers in Germany and the Netherlands can organise renovation work conducted by professional, skilled craftspeople.
Unlike a straightforward marketplace, the company acts as the contractor, planning out the project and choosing the workers. It saves money by ordering building materials in bulk and supplying them to its craftspeople.
The company had received an undisclosed amount of funding from Index Ventures, Lakestar, GFC and assorted angel investors in April 2016, before Lakestar and GFC co-led a round of undisclosed size in February 2017 that increased their stakes to 13% each.
Homebell co-founder Felix Swoboda said: “Reliability is our top priority. We will continue to invest in our technology and support our craftsmen so that our customers enjoy renovating.”