Investment round prepares home services app to enter UK market.
Lisbon, 2nd of May 2025 – OSCAR, the No. 1 home services app with over 200 repair, cleaning, laundry, and beauty tasks, has just announced a new round of investment worth 6 million euros. The Pre-Series A investment round was co-led by Indico Capital Partners and Lince Capital, with participation from Failup Ventures and Boost Capital Partners. This investment will be instrumental in supporting OSCAR’s continued expansion in Portugal and Spain, as well as boosting its entry into the UK market.
João Marques, Founder and CEO of OSCAR, said: “As we continue to scale our operations, this funding is a testament to the confidence and commitment of our existing investors. With this support, we are well-positioned to further solidify our leadership in Iberia and move confidently towards the launch of OSCAR in the UK market.”
OSCAR, which became the market leader in Portugal in less than two years, achieved 60% monthly growth in the Spanish market, becoming an increasingly relevant solution in the Iberian Peninsula. OSCAR is present in 17 cities in the Iberian Peninsula, and aims to continue its expansion, reinforcing its presence in both countries.
Stephan de Moraes, Managing General Partner of Indico Capital Partners, said: “We are delighted with OSCAR’s exponential growth in Portugal and Spain, and are excited to be part of this round. This investment will be instrumental in OSCAR’s entry into the UK market and expanding its team, solidifying its customer service and the consistency of its offer.”
The company’s values, expressed by João Marques, Founder and CEO, are clear: “OSCAR’s mission is to bring quality and transparency to the home services sector – a sector that has traditionally faced several challenges such as lack of regulation, undue charges and absence of effective trust and security mechanisms. All professionals on the platform go through a rigorous selection and verification process, ensuring that only the most qualified service providers are part of OSCAR. The safety and satisfaction of our customers are fundamental. With thousands of services performed and high levels of satisfaction, we remain committed to raising the standards of the sector.”
OSCAR’s vision for the future is to lead the home services market in Europe, becoming the undisputed solution for repair, cleaning, laundry, and beauty services.
About OSCAR
OSCAR is the No. 1 on-demand app in Portugal with more than 200 available provisions in domestic services, such as repairs, cleaning, and laundry, which guarantees fixed prices and service in 30 minutes.
About Indico Capital Partners
Indico Capital Partners is a leading independent Venture Capital fund manager based in Portugal, investing in Iberian-related global and sustainable technology companies. Indico funds invest in deep tech, software as a service, marketplaces, artificial intelligence, internet of things, fintech, cybersecurity, web3, and ocean-related companies. Indico´s range of investments goes, mostly, from Pre-Seed to Series B (100k and 10M euros) in Portuguese and Spanish-related startups. Indico is often the first investor in a startup and, given the teams´ backgrounds, works very closely with portfolio companies. Since 2019, Indico has invested more than 100 million euros in 51 companies, which have raised more than 2 billion euros from global investors.
About Lince Capital
Lince Capital is an independent venture capital company created in 2016, registered and regulated by the Portuguese Securities Market Commission (CMVM). Lince Capital operates in the creation and management of venture capital funds and specialized investment funds with the aim of financing and supporting business opportunities with high growth capacity.
It stands out for its personalized support and excellence, for a close and direct relationship with each of its investors and business partners, and for the dedication of an experienced and dynamic team.
About PRR
Indico R&D & Co-investment VC Fund II – Fundo de Capital de Risco Fechado investment in OSCAR is supported by Plano de Recuperação e Resiliência (“PRR”), from the Portuguese Republic, and managed by Banco Português de Fomento SA, with the financial backing of the European Union under Next Generation EU.
