Fixico, which offers a digital car repair management platform, has extended its Series A round by €5m, bringing the round’s total to €12m.
Autotech Ventures served as the lead investor, with commitments also coming from Finch Capital and Mundi Ventures.
With the capital injection, the company hopes to accelerate its product development, bolster its core markets’ footprint and expand across Europe.
The Netherlands-based company hopes to redefine the car damage repair industry. Its digital platform handles car damage repairs for drivers, insurers and fleet owners, and enables smart ‘matchmaking’ between types of card damage and repair shops.
Fixico can ensure efficient repair of damage by quickly identifying the most suitable body repair shop.
Insurers can also use the platform to improve their claims processes for vehicle repairs.
Fixico CEO and co-founder Derk Roodhuyzen de Vries said, “Last year was a tough one for the car damage repair industry. But even amidst a global pandemic, Fixico grew 300%. This Series A round extension gives us the firepower to continue our growth trajectory and become the European digital leader of the car damage repair industry.
“Next quarter, we’re launching in three more European countries: Italy, Austria, and Denmark. In all likelihood, we will add three to five countries to our expansion plans soon, with the UK and Spain at the top of our wishlist.”
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