Fresh out of TechStars, Moveline raises seed round led by ffVC
We’d like to share a quick announcement: our team has just raised a $1.5 million seed investment round to fuel our mission to redesig and simplify the customer moving experience and bring transparency to the industry. With these resources, we’ll be hiring new team members, adding to our web and mobile platforms, and expanding our operations to new cities.
After completing the TechStars NYC program in June, we saw tremendous interest from angel investors and venture capital funds who wanted to back Moveline. As a result, we were in the fortunate position to choose our investors and surround our team with incredibly smart people. Each of our investors are ready to roll up their sleeves and help us grow.
The fine folks at ffVC led our round. They were impressed by our work ethic, passion for product, and the promise of our business model. After speaking with founders across their porfolio, we were impressed by the firm’s reputation for being truly friendly and helpful to entrepreneurs as they scaled from being an upstart to a high-growth company that dominates its category. We’re pleased that as part of the investment, John Frankel, Partner and Founder of ffVC will be joining our board.
To add to the round, we looked for investors who:
- believe in our vision for the future of moving
- have firsthand experience starting and scaling companies
- focus on early-stage startups
Investing alongside ffVC are: Chris Sacca’s Lowercase Capital, Quotidian Ventures, David Tisch’s Box Group, 500 Startups, David Cohen, Josh Guttman, Bill Boebel, Rony Kahan, Jason Seats, David Calone, Thomas Wisniewski, and Paul Sethi.
We’re excited that with these new relationships and some fresh grease on the wheels, we’re picking up speed and carrying our momentum into expansion. It’s been a true honor to serve New Yorkers since launching in June, and we’ve been floored by the city’s response to Moveline. We can’t wait to share our product with the rest of you — we’re coming to your city as fast as we can.
Ready to move? Learn about how Moveline streamlines the process.