MaxHouse Raises $8M and Appears to Put Its Expected IPO on Hold
The total capital of new investment is $8,189,170.
WUHAN, China, Feb. 7, 2020 /PRNewswire-PRWeb/ -- MaxHouse—the multinational enterprise which set out to serve foreigner all over the world when it first appeared in 2013—has today announced a new funding around of $8 million in equity and debt, raised from a combination of existing and new investors.
The funding will be used to help accelerate its expension domestically and internationally, where it plans to have up to 22 full-service branches over the next three year. SIMON KING principle at Octopus Ventures said "From seed to today's ground-breaking fundraise, Octopus Ventures is proud to be investing in MaxHouse successfully offering foreigner customized solutions for their lives."
Specialized in services and activities of foreigner, MaxHouse has become the most popular Internaional Services platform across 3 cities and 2 countries by now. Customer can place an order or request such as Services, For Sale, Jobs, Housing, Community and Personals which will be completed by MaxHouse supplier. "We would establish ourselves as the leader in China" said NINTUNZE STEVE, MaxHouse's CEO. "It's important that we maintain our commitment to provide the best possible experience for both our clients and our employees. The new MaxHouse App will help ensure we meet that promise well into the future."
Founded on Dec 13th 2013, Wuhan MaxHouse International Services Co., Ltd (武汉迈克豪斯涉外服务有限公司) was opened as the headquarters in China. Through a fast-growing foreign population and great word-of-mouth recommendations, wuhan-based MaxHouse got six years of strong growth in quarterly revenue including more than 50% revenue growth. "We're excited to build an international service brand and deliver the best experience for foreign client across the China" said MAX YANG, MaxHouse Co-Founder and Co-CEO.
On Feb 22nd 2018, MAXHOUSE INTERNATIONAL SERVICES LIMITED (迈克豪斯涉外服务有限公司加纳分公司) (TIN: C0010467971) was grand opening in Accra Ghana where giving African with award-winning customer service.
On Jul 24th 2018, Wuhan MaxHouse Catering Management Co., Ltd (武汉迈克豪斯餐饮服务有限公司) was set up in China and EHSANULLAH SYED has been named CEO.
On Jue 6th 2019, Hubei MaxHouse International Services Co., Ltd (湖北迈克豪斯涉外服务有限公司) had a presence as the lead investor of funding round in China and NINTUNZE STEVE has become Chairman & CEO.
On Jue 28th 2019, Hubei MaxHouse International Services Co., Ltd. FuZhou Branch (湖北迈克豪斯涉外服务有限公司福州分公司) was launched in China and MENSAH RAPHAEL ANUE has been appointed as CEO.
On Jul 4th 2019, Hubei MaxHouse International Services Co., Ltd. XiaMen Branch (湖北迈克豪斯涉外服务有限公司厦门分公司) came out in China and JACK GAO was selected to be CEO.
To further advance expected mission, the additional funding will go on building out their flagship hosting platform (MaxHouse App) —"So that all client can easily share what they need all over the world."
More information and cooperation are available at MaxHouse App Ios & Android and [email protected] & [email protected]
SOURCE MaxHouse International Services Co., Ltd
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