Munich, Germany \u2014 MOVE, an Israel-based vaca\u00adtion booking plat\u00adform, today announ\u00adced that it has successfully raised \u20ac7 million in the first closing of its funding round. The invest\u00adment by inves\u00adtors from Israel and promi\u00adnent Munich-based family offices is expec\u00adted to acce\u00adle\u00adrate MOVE\u2019s expan\u00adsion into the Euro\u00adpean market, follo\u00adwing the company\u2019s remar\u00adkable success in the Israeli market. The invest\u00adment was broke\u00adred by ennea capi\u00adtal partners.<\/p>\n
Laun\u00adched in Febru\u00adary 2022, MOVE\u2019s ground\u00adbrea\u00adking plat\u00adform offers perso\u00adna\u00adli\u00adzed, machine-cura\u00adted vaca\u00adtion packa\u00adges that allow users to effort\u00adlessly and quickly book custo\u00admizable leisure travel. In its first year of opera\u00adtion, the company achie\u00adved \u20ac4 million in annual recur\u00adring reve\u00adnue and \u20ac42 million in sales, proving the effec\u00adti\u00adve\u00adness of its tech\u00adno\u00adlogy and busi\u00adness model.<\/p>\n
Erez Bousso, CEO of MOVE, said, \u201cWe are thril\u00adled with the confi\u00addence our inves\u00adtors have placed in our vision and tech\u00adno\u00adlogy. Their support will enable us to revo\u00adlu\u00adtio\u00adnize the Euro\u00adpean vaca\u00adtion travel market and conti\u00adnue to deli\u00adver outstan\u00adding value to our customers.\u201d<\/p>\n
With 300,000 monthly active users in Decem\u00adber 2022 and a 9\/10 user refer\u00adral rate, MOVE plans to capture a signi\u00adfi\u00adcant share of the \u20ac350 billion addressa\u00adble market in Europe. The company\u2019s manage\u00adment team consists of expe\u00adri\u00aden\u00adced execu\u00adti\u00adves with proven track records at leading compa\u00adnies such as lastminute.com, CWT and Expedia.<\/p>\n
G\u00fcnter Ehwei\u00adner, repre\u00adsen\u00adta\u00adtive of Roland Berger, one of the inves\u00adtors, commen\u00adted, \u201cMOVE\u2019s plat\u00adform is a game-chan\u00adger in the vaca\u00adtion travel indus\u00adtry, offe\u00adring unmat\u00adched speed, conve\u00adni\u00adence and perso\u00adna\u00adliza\u00adtion for custo\u00admers. We are exci\u00adted to invest in a company that is alre\u00adady show\u00ading impres\u00adsive growth and has the poten\u00adtial to change the way people book their vacations.\u201d<\/p>\n
MOVE\u2019s plat\u00adform connects depar\u00adture airports with city breaks and sun & beach vaca\u00adtion desti\u00adna\u00adti\u00adons, offe\u00adring custo\u00admers a 7 percent price advan\u00adtage. The company\u2019s omni-chan\u00adnel marke\u00adting stra\u00adtegy has resul\u00adted in market-leading Unit Econo\u00admics, with conver\u00adsion rates two times higher and bookings five times faster than tradi\u00adtio\u00adnal platforms.<\/p>\n
With an ambi\u00adtious goal of achie\u00adving sales of more than \u20ac55 million by 2025, the company plans to use the funds raised to expand its presence in Europe, streng\u00adthen part\u00adner\u00adships with leading media houses and further deve\u00adlop its state-of-the-art technology.<\/p>\n
About MOVE<\/strong> About ennea capi\u00adtal partners<\/strong> Munich, Germany \u2014 MOVE, an Israel-based vaca\u00adtion booking plat\u00adform, today announ\u00adced that it has successfully raised \u20ac7 million in the first closing of its funding round. The invest\u00adment by inves\u00adtors from Israel and promi\u00adnent Munich-based family offices is expec\u00adted to acce\u00adle\u00adrate MOVE\u2019s expan\u00adsion into the Euro\u00adpean market, follo\u00adwing the company\u2019s remar\u00adkable success in the Israeli [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48323,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1371,1373,1375,1377],"tags":[],"class_list":["post-48267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-deals-en","category-venture-capital-en","category-family-offices-en","category-corporate-finance-ma"],"yoast_head":"\n
\nMOVE is a state-of-the-art vaca\u00adtion booking plat\u00adform that offers perso\u00adna\u00adli\u00adzed, machine-cura\u00adted vaca\u00adtion packa\u00adges. With a mission to revo\u00adlu\u00adtio\u00adnize the travel indus\u00adtry, MOVE combi\u00adnes tech\u00adno\u00adlogy and conve\u00adni\u00adence to provide a seam\u00adless expe\u00adri\u00adence for custo\u00admers seeking unique, custo\u00admizable leisure travel. For more infor\u00adma\u00adtion, visit www.wearemove.io.<\/p>\n
\nennea is a leading M&A, invest\u00adment and advi\u00adsory firm focu\u00adsed on the Euro\u00adpean travel indus\u00adtry. We are the part\u00adner of choice for foun\u00adders and inves\u00adtors to acce\u00adle\u00adrate their ambi\u00adti\u00adons in buil\u00adding, scaling and selling market-leading companies.
\nwww.ennea.vc<\/p>\n","protected":false},"excerpt":{"rendered":"