Inspiring women: Becky Downing
A former Wayra graduate and finalist at the Startups Awards 2016, Downing has raised over £6m for her three-year-old insurance technology business
Name: Becky Downing
Founded: Buzzmove in November 2013 (launched in 2014)
Start-up elevator pitch: Buzzmove is a price comparison site for the home removals industry enabling users to find, compare and book removals companies.
Funding raised: £6.65m
Follow her: @BeckyDowning1
Who is Becky Downing?
Becky Downing’s start-up journey has been an incredible one.
The former solicitor developed her idea for Buzzmove as a member of the Telefonica Wayra accelerator back in 2013 and then launched the business in 2014. Fast forward to 2017, her site has now helped thousands of people move home and has seven-figure turnover projections.
Claiming to be Europe’s first online price comparison and booking platform for the moving industry, Buzzmove allows consumers to create a digital inventory of their belongings and compare and book certified movers.
With a database of over 300 moving companies and thousands of qualified surveyors, Buzzmove can also digitally itemise your home contents to give a real-time valuation of everything you own, which you can then share with insurers to get tailored coverage at the right price.
Simultaneously tapping into the £10bn insurance industry and £1bn removals market, Downing’s innovative USP has won her several awards including the Emerging Entrepreneur Award at the WCIT Enterprise awards and a shortlist for the esteemed Startups Awards 2016.
How has she impressed investors?
Downing has raised the most start-up investment of all the female founders in the series; in August last year she closed a whopping £6m super-seed round led by White Mountains Insurance Group.
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Speaking at the time, Downing said the investment was validation for Buzzmove and its ambitions: “Buzzmove aspires to be to home and household contents insurance, what telematics is to motor insurance, enabling truly personalized home- and household contents-based insurance policies.”
This investment followed an earlier $650,000 seed round which was led by successful entrepreneurs and angel investors such as New Look founder Tom Singh and Andrew Weiz of Lean Investments.