Fixico attracts 12 million euros – and enterprise guru
Fixico has introduced further funding of EUR 5 million, bringing the Collection A spherical to EUR 12 million and creating the situations for additional growth in Europe. The digital platform for automotive restore administration – winner of the Fleet Europe Startup Award 2018 – additionally appointed enterprise guru Simon Rothman to its board of administrators.
Fixico is an award-winning and quick rising Dutch expertise firm decided to redefine the European auto injury restore trade. With a complete worth of round 120 billion euros, this trade is time-consuming, inefficient and liable to failure.
This malfunction is each a necessity and a chance: autos have gotten increasingly more superior and sophisticated to restore, so the necessity for custom-made restore guides will increase accordingly.
That is the place the Fixico digital platform comes into play. The “clever matchmaking” between the kind of injury and particular physique retailers results in a seamless dealing with of the whole restore course of for automobile injury – not just for drivers, but additionally for fleet house owners and insurers. The method additionally takes under consideration crucial variables corresponding to the provision window, experience and worth.
Distinctive and transnational
The disruption works nicely for Fixico. Regardless of the pandemic, the corporate grew 300% in 2020. It at the moment works with over 150 companions from the fleet, rental, insurance coverage and leasing industries. Fixico provides entry to greater than 2,500 physique retailers by way of a singular and transnational market community. It’s at the moment lively in Germany, France, the Netherlands, Belgium, Luxembourg and South Africa.
The growth of the Collection A spherical (led by Autotech Ventures with the involvement of Finch Capital and all current shareholders and with the addition of Mundi Ventures primarily based in Madrid) brings Fixico’s complete financing to EUR 19.3 million. This offers Fixico the firepower to proceed on its progress path.
His purpose is to “turn into the European digital chief within the auto restore trade,” says Derk Roodhuyzen de Vries, co-founder and CEO of the corporate. “We’re beginning the subsequent quarter in Italy, Austria and Denmark. We’ll seemingly add three to 5 extra nations, with the UK and Spain on the high of our wish-list. “
In one other vital growth, Fixico appointed Simon Rothman to the board of administrators. Mr. Rothman is a pioneer in on-line marketplaces and community results companies. He helped eBay develop from a small collectibles public sale enterprise to a world firm with practically 200 million customers with annual gross sales of over $ 40 billion.
At eBay, Mr. Rothman based eBay Motors, which grew right into a $ 14 billion firm in six years. He served as an early stage board member at Tesla, Cargurus, Convoy and Nuro and can be a marketing consultant and / or investor in firms corresponding to Lyft, Lime, Getaround, Aurora, Fiverr and Poshmark.