• Journify

  Led · Equity · Oct 2020

  Journify is a startup founded in Valencia in 2018 that offers a carpooling marketplace for companies to help employees share rides and optimize commutes. Its platform connects employees across large employers to reduce travel costs and the environmental footprint of daily trips. The company works with clients such as Amazon, Grupo Thales, Grupo Valeo and Unibail‑Rodamco‑Westfield and reports more than 18,000 active users. Journify records roughly 68,000 monthly trips (about 3,400 daily) with average trips around 20 km, and users have saved about 20 tonnes of CO2 year‑to‑date. It expects to close 2020 with €4.5 million in marketplace volume. The team says it will launch new product lines early next year to expand beyond carpooling and become a leading provider of sustainable mobility solutions for companies.

• Motoreto

  Participated · Equity · Oct 2020

  Motoreto offers an all-in-one technological platform that digitalizes retail processes for used-vehicle dealers and distributors, enabling 100% online sales. The company reports it helps dealers multiply access to stock by 10, reduce fixed costs by 30%, and be 15 times more efficient through digitalization. Motoreto has rolled out into Italy and France, aggregating more than 900 and 400 dealerships respectively, and now manages over 3,000 points of sale on its platform. In 2022 the company recorded revenue above €12 million and growth close to 300%. The funds from the recent round are intended to continue developing the platform and to consolidate its position in Spain while accelerating expansion into other European markets. Motoreto has also been noted for its sustainability focus and was recently awarded a ‘Great Place to Work’ certification. Motoreto operates in the used-vehicle (vehículos de ocasión) sector and works with a network of 3,000 dealerships across Spain, Italy and France. The article describes the company as part of First Drop VC's initial accelerator investments. Motoreto received a €150,000 injection from First Drop VC in an acceleration/venture capital operation. The funding is reported alongside investments in three other startups (Colibid, Banbu and ReHand). The article does not provide details on revenue, users, founding year or specific future product plans. Location information in the report lists Valencia. Motoreto operates a digital marketplace for used vehicles where users specify preferences and up to three dealerships contact them with matching stock. The platform lets consumers compare offers remotely and provides services like dealer appointments, vehicle appraisals, insurance and financing options. Dealers receive pre-selected potential customers, reducing time and acquisition costs. Motoreto has expanded beyond the Spanish market and maintains a broad inventory of dealership cars. The company closed a €200,000 financing round and plans to use the funds to execute a national consolidation plan and reinforce its international expansion strategy. Motoreto is based in Madrid.

• Bipi

  Participated · Equity · Sep 2017

  Bipi is a Spanish marketplace that offers a 100% digital car-subscription service allowing users to access a vehicle via an all‑inclusive monthly fee (insurance, maintenance, taxes, delivery, etc.). Its platform serves consumers and partners (renting companies, dealers, banks, manufacturers) as a digital distribution and fleet-management channel. Bipi has grown its team to about 100 employees and has begun operating in France with a local team of ~20 people. The company plans to use new capital to accelerate national growth, recruit talent, invest in technology and products, and prepare expansion into Italy. Bipi positions the subscription model as a flexible alternative to car ownership and claims leadership in the European subscription segment. The press release notes the company has raised more than €25 million in funding over the last three years. Market research cited in the release (McKinsey, Frost & Sullivan) is used to support the company’s growth outlook and addressable opportunity. Bipi is a car-as-a-service marketplace founded in Madrid in 2017 that offers fully-flexible, all-inclusive monthly subscriptions to new and used cars through a 100% digital transaction process. Customers can subscribe in under two minutes, keep, swap or cancel vehicles for a single monthly payment that covers insurance, maintenance, roadside assistance and tax. Bipi positions itself as the market leader in Spain and continued to grow through the COVID-19 pandemic as demand for flexible alternatives to ownership rose. The company already has live operations in France and is onboarding customers there. Bipi plans to use new funding to hire talent, invest in technology and accelerate expansion into additional European markets. The product emphasis is on a seamless digital experience and replacing traditional car ownership with a subscription model. Bipi is a Madrid-based startup that offers a vehicle subscription service as an alternative to owning or leasing a car. The service provides all-inclusive subscriptions (insurance, maintenance, assistance) with a 100% digital sign-up process and flexibility to change or return vehicles. Bipi closed a €6.5M Series A led by Maniv Mobility to support its growth. The company will use the funds to consolidate its position in Spain and expand into other European markets. Proceeds will also finance expansion of the engineering team and commercial efforts to secure strategic partnerships with partners, car manufacturers, banks and insurers and to broaden its vehicle offering. Bipi aims to grow its fleet to 10,000 cars in 2020 and open new markets. Bipi operates an online car-rental platform owned by Llollo Mobility, using technology to speed up car rental services. At the time of the article it operated a fleet of 100 vehicles and was active in Madrid and Barcelona. The company reported fleet growth of about 20% month-on-month and had 35 employees. Bipi planned to use new funds to accelerate expansion across Spain, open in Málaga, and pursue first international entries such as Lisbon or Paris. Financially, the firm had raised a total of €5.8 million in funding after the round described in the article. The funds from the described round were explicitly earmarked to support geographic expansion and fleet growth.

• llollo

  Participated · Equity · Jan 2017

  Llollo operates an app-driven valet parking service that collects customers’ cars at airport terminals and train stations, parks them and returns them on demand. Its current operations include Madrid (Atocha station and Barajas airport) and Barcelona, and the company reports about 20,000 active users, 30,000 cars parked and over 5,000 additional services. Llollo works with roughly 150 partner companies, including Banco Santander, Carrefour, Baker & Mackenzie and Altadis, and employs about 75 people. The service removes the need for cash and transfer logistics by using company agents to handle vehicles. The company plans to use new funding to accelerate growth in Madrid and Barcelona, to enter the UK market and to launch a new business line called llollo Rental. To date Llollo has raised approximately €2.5M over the past 18 months. llollo operates an on-demand airport and train-station valet service via a mobile app: agents collect users' cars at the terminal, park them, and return them without cash payments or shuttle transfers. The service is active at Madrid’s Atocha station, Madrid‑Barajas Airport and in Barcelona. The company reports 10,000 active users, 15,000 cars parked, more than 4,000 additional services delivered and nearly 100 corporate partners, including Banco Santander, Carrefour, Baker & Mackenzie and Altadis. llollo is led by Hans Christ and has a team of about 45 employees, with headquarters in Madrid. Financially, the company has been fundraising since launch and in its first 12 months has raised over €1.4 million in total. The article does not provide specific future product or expansion plans.

No current team members are available.