Household cleaning startup MyPoppins acquires €1M in funding round

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The emerging company that connects users with cleaning professionals, MyPoppins, has closed a round of financing of one million euros, with which it plans to increase its presence in Latin America.

The platform has received this million euros from a group of investors, including the US investment fund Brainstorm Ventures, the laundry company Grupo Girbau, and investors linked to ESADE business schools. IESE, as well as the College of Economists of Barcelona, ​​as reported by MyPoppins through a statement.

This startup has carried out more than 60,000 services in homes in 2018 and has obtained a turnover of more than one million euros, in a year in which it made its first internationalization movement, launching its activity in Mexico City.

Extending its presence in Latin America with the implementation of its service in two other cities of the continent that have not been specified will be one of the objectives of this round of financing of MyPoppins, which foresees tripling its turnover in 2019.

"The objective of this round of investment is basically to promote international expansion and the development of technology to optimize and scale all internal processes," explained the CEO of the company, Aleix de Castellar Estella.

The co-founder of MyPoppins has ensured that in this year they will launch their service for companies in Mexico, since it is "a gigantic market with great opportunities for growth", from which they plan to carry out their expansion across the continent.

"Our goal is to consolidate a team in Mexico that can be our 'hub' for all the markets we operate in Latin America. In addition, in this continent we have a great opportunity to improve the conditions of a market that has always been offline and informal," he added.

MyPoppins has free insurance for its cleaners

This 'startup' is defined as a cleaning service "with the same model as Uber" that allows it to provide "a transparent service" with professionals "duly registered as self-employed and paying their taxes", as highlighted by Castellar, has implemented an insurance for their workers called 'Poppins Direct'.

This insurance, which is included in all subscriptions, counts among its coverage with medical insurance and material damages for the cleaning professional.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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