OSCAR Funding News- Portugal-based OSCAR Raises €6M In Pre-Series A Round

The new funding will help OSCAR grow in Portugal and Spain and expand into the UK.

Founded in 2019, OSCAR connects people with trusted professionals for jobs like plumbing, electrical work, cleaning, laundry, and beauty treatments. The app offers fixed prices and fast service, solving problems like unclear costs and unreliable workers.

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So far, OSCAR has served over 300,000 customers and brings in more than €7 million a year in revenue. The company plans to keep growing and improve how home services are delivered across Europe, where the industry has often been inconsistent and hard to navigate.

Stephan de Moraes, Managing General Partner at Indico Capital Partners, expressed enthusiasm about OSCAR's growth:​

“We are delighted with OSCAR’s exponential growth in Portugal and Spain, and are excited to be part of this round. This investment will be instrumental in OSCAR’s entry into the UK market and expanding its team, solidifying its customer service and the consistency of its offer.”​

Francisco Formigal Pinto, Fund Manager at Lince Capital and OSCAR Board Member, highlighted the company's ability to address market gaps:​

“OSCAR's success reveals the clear supply gap that existed in this sector, but above all it is essentially due to the management team's ability to execute, which has managed to combine the needs of both clients and technicians, adding value to both parties.”​