HomeServe partners with L Marks to find startups to create “Uber for tradespeople”
L Marks is pleased to announce its newly formed partnership with home services provider, HomeServe. The two companies will be working closely together to find the new generation of startups within the domestic maintenance industry.
Since being established in 1993, HomeServe has grown to become one of the industries largest providers of home repairs in the UK. Having a strong track record with ventures, most notably with 2017’s acquisition of Checkatrade, the firm is looking to once again deploy capital into emerging market solutions. With the current difficulties attached to raising funds, Homeserve are resolute in offering new companies an opportunity to utilise the FTSE 250’s capabilities though potential investment or acquisition.
Richard Harpin, HomeServe CEO and Founder stated that they are interested in teams who can demonstrate strong digital capabilities for the contemporary market. One example of this new technology under consideration is that of “HomeServe Now”, the company’s answer to an on-demand marketplace, connecting customers with tradesmen. L Marks’ previous experience within the property and maintenance industries will enable them to source and provide insights into some of the hottest startup prospects within the ecosystem.
On the newly established partnership with HomeServe, L Marks CEO, Daniel Saunders commented: “This is an emerging market and one we are very excited to be exploring further. In these difficult times, we are confident in our ability to provide support and assistance to those companies who need it.”
Over the course of eight weeks, teams at L Marks and HomeServe will be working together to assess and evaluate startups for marketplace viability and strategic fit to select the most promising to progress into investment discussions and negotiations.
As featured in the Times on Monday 18 May 2020.