BuildMyMove completed a first round of institutional financing and secured $1.5 million. Five Elms Capital of Prairie Village, Kan., led the round. BuildMyMove of Pennsylvania provides online binding quotes for full service interstate transportation. It plans to use the capital to o ramp sales and to refine its platform further.
BuildMyMove (www.buildmymove.com), the first provider of instant, binding online moving quotes for full service interstate moves, announces the closing of its first round of institutional financing. Led by Five Elms Capital (www.fiveelms.com), the infusion of $1.5 million will allow BuildMyMove to ramp sales and further refine its platform.
BuildMyMove has built a real-time quoting engine for interstate moves. Consumers receive flat rate, instant moving quotes based on the type and size of the move, with no hidden fees. BuildMyMove utilizes a nationwide network of local, professional movers to provide moving services at a much lower cost than most national moving companies.
BuildMyMove CEO Dan Cunningham said, “We have the only online full service moving quoting engine on the Internet that prepares an instant, accurate quote for the consumer. We immediately connect consumers to our moving affiliates, providing services and support across the country. We look forward to expanding our traffic partner and agent networks, which will allow us to connect consumers to great movers across the country.”
Fred Coulson, Managing Partner of Five Elms Capital, said he sees great potential in BuildMyMove. “We like to back teams that use technology to provide transparency, efficiency and cost savings to consumers,” said Coulson. “It’s a simple, elegant solution to a complex task. We’re excited to be a part of such a scalable opportunity.”
BuildMyMove (www.buildmymove.com) is a resource for consumers who are moving or relocating bringing new age moving solutions to the moving industry. The company launched in 2010 and is currently located in Kansas City.
For Consumers: The BuildMyMove platform provides consumers binding, competitively priced online moving quotes in two clicks of a mouse, along with 24/7 support & tracking. Consumers are assigned to a moving coordinator who functions as their single point of contact. BuildMyMove also has a quality control system which yields one of the lowest claim ratios in the industry.
For Traffic Providers: BuildMyMove traffic partners enjoy the best revenue share model currently available for online moving lead generation. BuildMyMove has the ability to service moves in any city throughout the US. The customized platform maintains the integrity of the traffic provider’s brand while enhancing the consumer experience with one point of contact as opposed to numerous phone calls and emails from multiple moving companies. This platform is complemented by the BuildMyMove “Moving Coordinator,” which offers 24/7 online and comprehensive offline support for consumers.
About Five Elms Capital
Five Elms Capital (www.fiveelms.com) provides expansion, recapitalization, and acquisition capital to high-growth businesses in a wide range of service-based industries.
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