Batmaid raises growth capital from strategic investors

May 22nd at 9:02am
Batmaid raises growth capital from strategic inves…

Batmaid has secured additional funding from Baloise and Swiss-founded global private equity boutique, ACE & Company, to fuel its ambitious expansion goals and additional projects.

‘’We are happy to welcome on board our new investors who will allow us to further strengthen our market position in Switzerland and to improve our service offering for our clients with our partnership with Baloise, while counting on ACE’s entrepreneurial experience internationally as well as locally’’ states Andreas Schollin-Borg, Co-Founder & CEO of Batmaid

The first part of this investment round was closed last December, with additional funding committed last week. This constitutes an important milestone for Batmaid and demonstrates the trust the investors place in the team to pilot the startup during these challenging times.

Potential synergies within the "Home" ecosystem

The investment in Batmaid is the fourth addition to the Baloise ‘Home’ ecosystem, following the acquisition of stakes in, Bubble Box and MOVU. Baloise is thus bringing another value-adding service provider into its product range within this ecosystem.

“Cleaning is a core pillar of the ‘Home’ ecosystem that Baloise is seeking to develop, and the equity investment in Batmaid allows us to strengthen our offering in this area. The Batmaid concept gives customers a service that is easy to use and taps into the growing trend towards digitalisation – which is what our Simply Safe strategy is all about,” explains Yannick Hasler, Head of Private Customers at Baloise.

About Batmaid (Vanguard Internet SA)

Batmaid is the first platform that allows you to hire preselected home cleaners online and is also the largest cleaning platform in Switzerland, with Headquarters in Lausanne and offices in Zurich, Lugano and Luxembourg. Batmaid currently has over 70 employees, serving more than 45’000 clients. Batmaid proposes a unique fiduciary service in Switzerland, whereby the cleaning hours are systematically declared and insured on behalf of the client. Furthermore, Batmaid applies a rigorous pre-selection process of professional cleaners on the platform along with offering extensive customer and administrative support.

About ACE&Company

ACE & Company (ACE), founded in 2005, is a global investment management platform specialized in direct investments with total assets of over $1bn across three investment strategies. ACE is uniquely positioned to understand the needs and challenges facing private investors today and provide unparalleled access to quality opportunities across the direct investment ecosystem. By combining in-house team capabilities with specialized partners, ACE is able to source, perform due diligence, and execute on superior investment opportunities across five continents. The flexible investment platform offers diverse portfolios across the stages of the investment lifecycle from early, growth, to mature. The ACE team prides itself in actively partnering with stakeholders to meet specific investment criteria and objectives and aims to actively improve investment returns by adding strategic value to both its portfolio companies as well as sourcing partners by leveraging its broad investment knowledge. ACE is regulated by the Swiss Financial Supervisory Authority FINMA in Switzerland

About Baloise

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,600 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel ‘simply safe’. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.