Web Summit: Irish online entrepreneur Oisin Hanrahan raises $50m in funding
Irish online entrepreneur Oisin Hanrahan has raised $50m in funding for the online cleaning and home services company, Handy.com.
Mr Hanrahan, from Rathcoole, raised the finance to expand the company’s services. The funding round leaves the company with an estimated valuation of $500m.
“Our vision has been simple, to connect customers to professionals of virtually every home service with the tap of a button,” said Hanrahan, who is soeaking at the Web Summit.
”With well over one million bookings completed through the platform, we have shown the need for a seamless, reliable, and convenient on-demand alternative. With this recent funding round, we will continue to increase our presence in each of our cities, offer more home services, and improve the platform to continue to deliver the experience that the hundreds of thousands of people using the platform have come to expect of us.”
Handy is an online service that brokers house-maintenance workers such as cleaners, plumbers and handymen with ordinary people who need to order something done within their home.
Hanrahan dropped out of Harvard to start the company.