Caroobi, a Berlin, Germany-based marketplace for automotive mechanics, raised $20m in Series B funding.
The round was led by Nokia’s NGP Capital, with participation from Target Global, BMW iVentures, DN Capital and Cherry Ventures.
The company, which has raised approx. $30m to date, intends to use the funds to expand operations and its business reach, in Germany, UK and France.
Led by Mark Michl and Nico Weiler, Caroobi provides an online car repair platform that connects auto mechanics with consumers and parts suppliers.
The company’s software allows mechanics to make remote diagnosis of autos and offers fixed prices for repairs. Car owners can then book repairs with a mechanic shop on the platform. The platform also operates a network of spare parts distributors to allow shops to source materials.
Caroobi says it is currently working with 750 mechanics and servicing some 2,000 cars per month.
FinSMEs
08/06/2018