Argentina-based home improvement services marketplace IguanaFix has raised $16m in a series B round featuring wireless technology provider Qualcomm’s corporate venturing unit, Qualcomm Ventures.
Singaporean state-owned investment firm Temasek led the round, which included co-investment fund Endeavor Catalyst and undisclosed existing backers led by the founders of private equity firm Riverwood Capital.
IguanaFix runs an online marketplace that enables users to book appointments by qualified home improvement professionals on demand at a pre-determined price. The company has signed up more than 20,000 service providers to the platform.
Matias Recchia, IguanaFix’s co-founder and chief executive, said: “We are incredibly excited to continue growing IguanaFix with the support of Temasek and Qualcomm Ventures.
“We are tapping into a multi-billion dollar market, helping service providers grow their small businesses and enter the formal market.”
IguanaFix has now raised $20m in funding altogether. It closed a $3m series A round in September 2015 that was led by Riverwood Capital founders and backed by undisclosed other entrepreneurs.