Fixico, an innovative online platform for car damage repair, has raised €7 million to grow its international footprint and fleet & insurance partnerships. The Dutch technology company offers a digital platform that seamlessly handles car repair for consumers, insurers, and fleet owners, providing them with full control at every step in the repair process.
The funding round was led by Autotech Ventures, an early backer of Nasdaq Stock listed Lyft (LYFT), a top competitor of Uber (NYSE:UBER), and other successful startups like Frontier Car Group and Outdoorsy. Autotech Ventures’ Managing Partner Alexei Andreev joins Fixico’s Supervisory Board. Previous investors, such as serial entrepreneur Laurens Groenendijk (JustEat, Treatwell, Hiber) and Orange Growth Capital also participated in this round, bringing the total amount of funding to date to €14.3M.
Fixico is currently active in the Benelux, Germany, and South Africa, working with one of Europe’s largest independent, high-quality repair networks of 2,000 shops in total. Thanks to a strong foothold in the consumer space, Fixico made its first decisive steps in the international business-to-business market in 2018 and is now poised to rapidly scale up further across Europe. Autotech’s (et al.) fresh capital will be employed to accelerate this growth and strengthen Fixico’s B2B solutions.
