Lisbon-based OSCAR, a company specialising in on-demand home services across Europe, has secured €6M in a pre-Series A funding round.
The round was co-led by Indico Capital Partners and Lince Capital, with participation from Failup Ventures and Boost Capital Partners.
The company will use the funds to continue its expansion in Portugal and Spain, as well as boost its entry into the UK.
João Marques, Founder and CEO of OSCAR, says, “As we continue to scale our operations, this funding is a testament to the confidence and commitment of our existing investors. With this support, we are well-positioned to further solidify our leadership in Iberia and move confidently towards the launch of OSCAR in the UK market.”
OSCAR: Simplifying home services company
Founded by João Marques in 2019, OSCAR is a home services company offering over 200 fixed-price tasks across 12 categories, from plumbing and deep cleaning to beauty, gardening, and car care.
With real-time availability and 30-minute arrivals, the company aims to simplify the home maintenance process, with over 12,000 vetted professionals.
The company says that it has achieved 60 per cent monthly growth in the Spanish market.
Right now, the company is present in 17 cities in the Iberian Peninsula, and it aims to continue its expansion, reinforcing its presence in both countries.
“OSCAR’s mission is to bring quality and transparency to the home services sector – a sector that has traditionally faced several challenges, such as a lack of regulation, undue charges, and an absence of effective trust and security mechanisms. All professionals on the platform go through a rigorous selection and verification process, ensuring that only the most qualified service providers are part of OSCAR. The safety and satisfaction of our customers are fundamental. With thousands of services performed and high levels of satisfaction, we remain committed to raising the standards of the sector,” concludes Marques.
