Device Management Platform Servify raises Pre-Series A

Servify, a personal device management platform for gadgets, consumer electronics, and home appliances has raised Pre-Series A funding led by Blume Ventures and Beenext. The investment round also saw participation from existing investors, including Germany-based Barkawi Holdings GmbH, TM Service Technology Holdings Gmbh and Sreevathsa Prabhakar, Founder of Servify.

Commenting on the investment, Sreevathsa Prabhakar, Founder & CEO of Servify said, “Our vision is to build a platform where consumers can get seamless post-purchase experience for all their devices – be it mobile phones or electronics or any home appliances they own. To enable this, the Servify technology platform connects consumers with brands, resellers, and the service ecosystem through deeper integrations. The fund raise will help in further enhancing our product, service and technology offerings.”

Karthik Reddy, Managing Partner at Blume Ventures said, “Blume was an early believer in Sreevathsa and team and is happy to be a co-lead in this round as well. With the additions of Pravin and other key team members, Servify continues to build a foundation for what will become a scalable business in device lifecycle management like we’ve never seen before. No one has attempted a full-stack approach of purchase-to-disposal of electronics before, at this scale.”
Teru Sato, Founder & Managing Partner of Beenext said, “What I value most about Servify is its great and experienced founder, their strong alliance network in the OEM & retail space, the problem they are solving with their platform approach and the kind of customer insights they are expected to generate in the process. We are very happy to partner with them on this journey.”