Oscar Raises $6.8M to Expand into the UK Market
Deal News | May 06, 2025 | Aim Group
Oscar, a Portugal-based marketplace specializing in home services, has successfully raised $6.8 million in funding. The funding round was led by Indico Capital Partners and Lince Capital, with participation from Failup Ventures and Boost Capital Partners, all of which are existing investors. Since its inception in 2019, Oscar offers over 200 services across 17 cities in Portugal and 17 in Spain, with a promise of service provider arrival within 30 minutes. This latest funding will accelerate Oscar's expansion in the Iberian region and spearhead its entry into the UK market. Oscar's founder and CEO, João Marques, affirmed that the funding is a testament to investor confidence in their vision to enhance transparency and quality in the traditionally unregulated home services market. The company adheres to strict selection processes for service providers to ensure high standards. Despite recent growth, the competitive landscape includes rivals like Webel, a Spanish company that also serves the UK market.
Sectors
- Home Services
- Venture Capital
Geography
- Portugal – Oscar is based in Portugal and operates in 17 cities within the country.
- Spain – Oscar also operates in 17 cities in Spain, part of its current market.
- United Kingdom – Oscar plans to use the new funding to commence operations in the UK, marking its expansion.
Industry
- Home Services – Oscar operates within the home services industry offering a marketplace for various services such as cleaning and repairs.
- Venture Capital – The funding round led by Indico Capital Partners entails activities within the venture capital industry.
Financials
- $6.8 million – Total funding raised by Oscar in the latest round.
- $7.0 million – Annualized revenue figure reported after a prior funding round, which tripled in six months.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oscar | Target Company | Company | A marketplace for home services operating in Portugal and Spain, planning expansion into the UK. |
| Indico Capital Partners | Lead Investor | Company | A venture capital firm leading the funding round for Oscar. |
| Lince Capital | Investor | Company | An existing investor participating in Oscar's funding round. |
| Failup Ventures | Investor | Company | An existing investor participating in Oscar's funding round. |
| Boost Capital Partners | Investor | Company | An existing investor participating in Oscar's funding round. |
| João Marques | CEO | Person | Founder and CEO of Oscar, leading the company's expansion and development. |
| Webel | Competitor | Company | A competitor operating in the home services market in Spain and the UK. |