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Brighteye invests €3M in Czech Platform Adam for expansion and new trades
Startup Adam, now operating in nine UK cities, is revolutionising the way customers find reliable and affordable tradespeople, eliminating long waiting times and uncertain pricing. The company is embarking on a new growth phase, bolstered by a €3 million investment from British Brighteye, a prominent European edtech venture capital fund, in a late-seed funding round.
Following its successful expansion into the UK, Ireland, and nine other European countries, Adam is now setting its sights on further international growth and the introduction of new trade services. The platform simplifies the process of booking tradespeople online, with a primary focus on painting services and comprehensive apartment or bathroom renovations – a strategy that has proven highly successful.
Year-on-year, Adam has tripled the number of projects it handles, with over 15,000 completed paintings, renovations, and masonry contracts to its name. This latest investment will enable Adam to extend its reach to new continents and diversify its service offerings, continuing its mission to provide seamless access to quality tradespeople.
The United Kingdom, Ireland, and Spain represent its largest markets. "Specifically in the UK, we are experiencing significant growth and a positive response from our customers, receiving more requests based on recommendations. We successfully launched in nine cities, starting with London and Birmingham and expanding to Manchester, Leeds, Bradford, Glasgow, Liverpool, Edinburgh, and Sheffield over the past year. Our goal is to be present in every major UK city by 2025," comments Jakub Dvorak, co-founder of the startup Adam.
The investment will strengthen its position in markets where the service is already successful. Additionally, Adam plans to expand to other cities and countries outside Europe, broaden its offering to new trades, and build a development team to enhance automation and further improve customer experience.
"We are excited to support Adam's vision of modernising traditional craftsmanship, which hasn't changed for decades. While Adam provides seamless services to clients, it also enables continuous professional development for tradesmen, giving them the opportunity to build their own businesses, expand their services, and increase their competitiveness. This benefits not only the tradesmen but also the customers who receive high-quality services," commented Ben Wirz, founding partner of Brighteye.
Roman Sysel, co-founder of the startup Adam, agrees with the new investor and adds: "Traditional craftsmanship undoubtedly needs modernization. So far, no one has managed to solve all three crucial factors – quality, availability, and price – simultaneously. We decided to tackle this complex situation one trade at a time. Our vision is that one day, through Adam, you will be able to build an entire house.
"Tradespeople generally spend a lot of time on inspections, pricing jobs, organising work, and constant communication with the customer. Adam takes care of everything for them, allowing tradesmen to handle up to three times more jobs per month. This represents a huge increase in efficiency, which means the tradesman can charge less. The customer saves money while the tradesman earns more. It's a win-win situation for everyone. We also help tradesmen develop their businesses and access more complex and better-paid projects."
The startup has attracted investors with its rapid and efficient growth, ambitious plans, product, and excellent customer feedback. The platform replaces complicated price lists with a simple and transparent online calculator that immediately shows the customer estimated costs and the ability to order the service with one click. Adam then connects the customer with a professional who is available at the desired time and location, ensuring the successful completion of the job.
"It is great to see the successes and results Adam has achieved since the previous Presto investment – including expansion into new countries and the addition of masonry work and renovations. We are proud to have been the first VC investor to support Adam," adds Roman Novacek, partner of Presto Ventures, which supported the startup with a €1 million investment a year and a half ago.