Armut.com
Latest round
- Series A
Last raised
- Jun 2016
Total raised
- $4.2M
Investors
- 2
About Armut.com
com operates as a service platform linking users to service providers across various sectors. The founders are Basak Taspinar-Degim, Erol Degim, and Tori Richardson, with Ahmet Dönmez serving as the current CEO.Armut operates as an innovative service platform that connects users with a variety of service providers across multiple sectors. The company specializes in offering home-related services, including cleaning, renovation, transportation, repair, private tutoring, and event organization. Armut’s core offerings facilitate seamless transactions between service seekers and providers, addressing key consumer needs such as convenience, reliability, and quality. The platform serves a diverse clientele, including private homeowners, renters, and businesses, effectively catering to the demands of urban populations in Turkey, Italy, the United Kingdom, Spain, Romania, Germany, Saudi Arabia, France, Egypt, Austria, the Czech Republic, Switzerland, Hungary, and Poland.Armut generates revenue primarily through service transactions facilitated on its platform. The company employs a transaction-based model where customers engage service providers for specific needs, with the platform taking a commission on these transactions. This structure allows for a direct-to-consumer approach, connecting users with various service providers while ensuring a streamlined payment process. Service pricing typically reflects the nature and complexity of the task, encompassing varying rates for cleaning, moving, and repair services. As a result, Armut’s revenue is directly linked to the volume of transactions processed through its platform, reflecting the demand for the diverse range of services offered. Future initiatives include the development of new products and the exploration of expansion into additional markets, although specific timelines and details on these new products and regions have not been disclosed.
Who invested in Armut.com
2 investors across 2 rounds
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Questions about Armut.com
Who invested in Armut.com?
Armut.com has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Armut.com raised?
Armut.com has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Armut.com last raise money?
Armut.com's most recent round on record is a Series A, in Jun 2016.
What does Armut.com do?
com operates as a service platform linking users to service providers across various sectors.
Where is Armut.com headquartered?
Armut.com is headquartered in Istanbul, Turkey.
Which VCs invest in companies like Armut.com?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Armut.com's stage. Their profiles are linked below.
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