April 7th 2022 – Cafler, the startup that offers an on-demand service for everything related to the car, has announced a new funding round of close to €5 million (€4.8M). The new capital injection is led by Seaya Ventures, and maintains the ongoing support of its previous investors such as Banc Sabadell, Encomenda, Dídac Lee, René de Jong and Jacky Abitbol, partner of Cathay Innovation, one of the world’s leading investment funds.
Cafler is currently present in 25 Spanish cities, as well as Paris and London. The company has more than 2,000 service points throughout Europe, and has performed more than 10,000 services since its launch. In little more than six months since its foundation, Cafler has 50 employees and plans to expand its fleet.
“We have created in a just a few months a business proposal that is both disruptive and necessary; investors are giving us their trust because our hyper-growth strategy –both in services and expansion– is delivering excellent results. Our business strategy works, and we are working very hard to consolidate our business model in Europe in a few months”, said Ricard Guillem, founder of Cafler.
On the other hand, Aristotelis Xenofontos, Partner at Seaya Ventures, talks about the partnership with the Barcelona founded firm: “We are betting on startups with a future and the Cafler team has shown great professionalism, talent for innovation and management and a great ability to generate business and attract large companies”.
Consolidation of Spain, international expansion, and new service platform.
Cafler was launched in July 2021 in two cities: Madrid and Barcelona. Months later, the startup is already present in 25 Spanish cities including Valencia, Castellón, Seville, Málaga and Bilbao, as well as in the metropolitan area of the major capitals. Likewise, the company’s international expansion is already in operation: Cafler is now live in Paris and London. This new capital aims to strengthen Cafler’s presence throughout Spain and to promote the opening of new European cities such as Milan and Berlin.
Finally, Cafler has launched new services: the company now offers the Pre- MOT + MOT service. In addition, car dealers, car rental companies, garages and commercial fleet among many other companies and particulars will be able to benefit from vehicle transfer services, either with driver or tow trucks, for short, medium and long distances. Furthermore, users will be able to request new services from Cafler’s from our current fleet of drivers, such as washing, workshop service or refueling, among others.
In all this process of growth, Cafler has been working closely with PwC‘s high-growth companies’ section, which specializes in innovative start-ups in the international expansion phase.
Cafler was founded in 2021 by Ricard Guillem and Íñigo Diego with a clear vision: to revolutionize the automotive industry by making users’ lives easier, both in terms of convenience and price.
After realization of a truism – the problem that workshops and customers have in dealing with certain tasks related to their vehicles, such as driving to complete the technical inspection of their vehicle, a non-value-added activity which means a waste of time – the founders saw the need to Cafler, the start-that relies on delegated mobility to deal with this identified problems. .
Thus, Cafler is the first online platform for delegated mobility that, through its own technology, moves vehicles efficiently, economically and safely to perform different vehicle-related tasks.
The start-up began its activity in June 2021, offering a first service that consisted in passing the vehicle inspection for users in Madrid and Barcelona. Today, Cafler already operates in 25 Spanish cities and has started its international expansion in Paris and London.
About Seaya Ventures
Seaya Ventures is a leading European and Latin American Venture Capital fund, based in Madrid, that invests in exceptional entrepreneurs who are building global technology companies.
Seaya raised its first funding in 2013 and currently manages over €350 million across three early-stage venture funds. Seaya accelerates the growth of startups by leveraging the founder’s strategic vision, providing them with Seaya’s global platform, its extensive network of founders, investors and multinational corporations, as well as all its experience in the global expansion of companies such as Glovo, Cabify, Wallbox (NYSE:WBX), Spotahome, Clarity AI, Clicars, Alma and RatedPower.Posted on