PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

StarOfService secures USD10m investment

StarOfService, a Europeean marketplace for local services, has raised USD10 million in Series A investment.

It follows two previous seed funding rounds worth USD2 million in total and will accelerate the French start-up’s expansion plans.
 
StarOfService, launched in 2013, sees more than two million requests going through its site from customers looking to find local support services to meet specific needs – anything from wedding photographers, plumbers, language teachers and DJs, to Pokémon Go ‘masters’ for hire. The platform generates over EUR800 million in business volume to the service professionals listed on its site – and is growing at 400 per cent year-on-year.
 
The funding round was led by Andrea Piccioni and Silvio Pagliani (co-founders of Real Web SA and founders of immobiliare.it – Italy's largest real estate platform), ENERN Investments and Point Nine Capital, who were joined by a number of angel investors including founders and senior executives from high-profile brands like DocPlanner and eBay.
 
They join previous investors Klaus Nyengaard, the former CEO of JustEat and current chairman at Treatwell; BlaBlaCar founders Frédéric Mazzella and Francis Nappez; former eBay and mobile.de executive Ralph Werner; and former CEO of Fotolia, Oleg Tscheltzoff.
 
Lucas Lambertini, co-founder and CEO of StarOfService, says: “We are thrilled to have secured the financial backing and support of some of Europe’s most successful entrepreneurs, a team of people who have built global business success stories. We want to create the Uber for local services professionals, and we’re already growing at an exponential rate.
 
“This investment round will help us accelerate that growth further, to become the global leader in the next couple of years. As part of that ambition, we will be recruiting talent to build a global team that shares our vision and can deliver on that huge opportunity.”
 
Andrea Piccioni and Silvio Pagliani, co-founders of Real Web SA, say: “StarOfService is a powerful reminder that market-leading innovation is happening right here in Europe, and this start-up has the potential to become a huge success story. The team is incredibly ambitious and has already proven an impressive ability to execute on its disruptive vision. We are confident it will muscle its way to becoming a global leader in no time at all, and we strongly feel like we are a great fit for the company.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured