Participated · Seed · Jul 2023

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.

Participated · Seed · May 2023

Hotel Manager provides an ecommerce platform that introduces a new revenue channel with built-in ecommerce features for hotels. Its product includes features such as Commerce, Check-In to Chat, and Experiences to drive digital sales and empower guests with self-service capabilities. The dashboard unifies service delivery for staff and creates a single view of every guest interaction. It is equipped with operational tools that streamline workflows and eliminate busywork. The company was founded in 2020 by Ajwad Hashim, Gokulan Kannan, Agni Ilango and Jay Luarca and is based in London. Hotel Manager raised an additional £2.2M in seed funding, bringing total raised to £3.2M, and plans to use the funds to expand its product portfolio, ramp up hiring, and pursue strategic partnerships. Hotel Manager builds a modular, no-code hotel management suite that lets hoteliers mix-and-match modules such as Chat, Check-In and Commerce to launch guest-facing applications and streamline operations. The platform aims to replace manual processes like spreadsheets and WhatsApp with purpose-built tools for staff and new communication channels for guests. Hotels can use the system to promote in-house services and earn commission-based revenue from experience bookings. Founded in 2020 and based in the UK, the team emphasizes rapid product-led growth and easier monetization for properties. The company plans to use new funding to expand its user base, hire key team members, and develop strategic partnerships to drive global expansion. Recent funding provides runway to accelerate product development and market expansion.