Adam Funding news – Czech-based Adam Secures €3 Million in late Seed Funding
Jul 16, 2024 | By Startup Rise EU
![Adam, a home renovation firm, receives €3 million in late seed funding. The funding came from London-based firms Visibly and Zen Educate, as well as European venture capital firm Brighteye.](https://startuprise.co.uk/wp-content/uploads/2024/07/Czech-based-Adam-Secures-E3-Million-in-late-Seed-Funding.webp)
Adam, a home renovation firm, receives €3 million in late seed funding. The funding came from European venture capital firm Brighteye.
SUMMARY
- Adam, a home renovation firm, receives €3 million in late seed funding.
- Roman Sysel and Jakub Dvorak founded Adam in the Czech Republic in 2020.
With the additional investment, they hope to solidify their position in markets where their service is already well-received. In order to further optimise automation and the client experience, it also intends to grow a development team, diversify the products to additional crafts, and expand into new cities and countries outside of Europe.
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Ben Wirz, Founding Partner at Brighteye said, “We are excited to support Adam’s mission to modernise a traditional industry which has seen no change for decades. While providing their clients with a hassle-free experience, Adam also facilitates continuous training and professional development for the craftsmen, empowering these professionals to expand their services and improve their competitiveness. This not only benefits the craftsmen but also ensures customers receive high-quality services,”.
Roman Novacek, partner at Presto Ventures said, “It’s remarkable to follow Adam’s success and the results they’ve achieved since the previous Presto investment – including their expansion into new countries and the launch of renovation and brick-masonry services. We’re certainly proud to be Adam’s first VC investor, which backed the company with a €1 milion seed investment a year and a half ago. "
Adam’s co-founder Roman Sysel said, “Undoubtedly, traditional craftsmanship is in need of modernisation. That said, no one has yet managed to solve all three decisive factors – quality, availability, and price – simultaneously. We decided to tackle this complex situation one trade at a time. Our vision is that one day you will be able to build an entire house through Adam,”.
Adam’s co-founder Jakub Dvorak said, “Trade professionals generally spend a lot of time with site inspections, work planning, and customer communication. Adam takes care of everything for them, allowing tradespeople to triple the number of jobs they can handle in a month. This translates into a massive increase in efficiency, enabling them to charge less. In other words, customers save money while craftsmen earn more. It’s a win-win situation all around,”.
About Adam
Roman Sysel and Jakub Dvorak founded Adam in the Czech Republic in 2020. This home-service platform gives clients quick online access to trustworthy contractor services. It streamlines the process for customers seeking reputable and accessible contractors for home renovation work, doing away with the inconvenience of protracted wait times and perplexing pricing lists.