Price comparison site for all moving related services, and for creating digital inventory and purchasing insurance
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Social Networks / UGC / Search Engines
Founded in 2013
€0-2mn in revenues
Published on 2016-10-10 07:45:09
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HUB > Companies > buzzmove
From last funding transaction in Aug-2016.
"Founded in 2013, Buzzmove is a price comparison and booking platform for the moving industry in the UK. It allows customers to quickly compare flat quotes rather than estimates provided by moving companies and to book their move online. Buzzmove recommends firms that are available to provide the service on the specified date and uses an algorithm which matches customers with the right companies and provides accurate pricing. It also helps customers to create a digital inventory, which can gather accurate home and household contents data.
The company also offers professional surveying software to moving companies in the form of a SaaS platform and charges a monthly recurring fee. It takes a 13% commission on all removal bookings made through its platform and also charges referral fees on related services such as packing, storage and boxes.
Headquartered in London, the company currently employs around 50 people. The firm reported 101% revenue growth in first quarter of 2016 and claims to be on track to generate a revenue of £1.5mn (€1.9mn) for the year 2016. Key partners include lettingaproperty.com, primelocation.com and Zoopla. The company also entered into a partnership with British Association of Removers (BAR) in 2013.
According to a report by IBISWorld, the removal service industry in the UK is forecasted to generate a revenue of £961.4mn (€1123.5mn) in the current year, a modest increase of 0.9% from the previous year, and revenue is expected to increase at a compound annual rate of 1.2% over the five years through 2016-17.
A key competitor includes US-based Unpakt, an online price comparison platform that allow users to have access to pre-screened movers, consumer reviews and to flat rates rather than estimates provided by different moving companies. It raised $3.0mn (€2.2mn) in a seed round in October 2013. Others offering similar services include UK-based ANYVAN, provider of an online platform that allows users to book for delivery and vehicle transportation services from different moving companies; France-based FretBay, an online transport marketplace for transportation services; US-based HireAHelper.com, an online platform where a customer can get quotes and reviews on local moving companies serving their zip code; US-based irelocate.net, which provides quote estimates and connects consumers with moving companies; US-based moving360.net, which connects consumers with moving companies along with customised quotes; and UK-based Shiply, an online transport marketplace allowing users to list goods they want to move and get quotes from transport companies."
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