Car repair startup Fixico secures €2 million funding round

Amsterdam-based car repair startup Fixico secured a 2 million euro funding round, led by British-Dutch technology fund Orange Growth, as well as previous investors and shareholders.

Backers include the startup’s new board member, Laurens Groenendijk – co-founder of beauty website Treatwell, which was sold to competitor Wahanda.

The supervisory board of the startup will now consist of Groenendijk, Radboud Vlaar (Orange Growth Capital) and Robert Jongstra (former board member for Procter & Gamble). "This is the perfect moment for online parties to enter into the aftersales market in the automotive sector, because the majority of the market is still offline", Vlaar stated.

It remains unclear which financer invested what part of the funding at which moment in time, but the startup says it has now secured a total of 2,6 million euro over the course of its existence. The latest money will be used for international expansion, as Fixico says it’s planning an international launch.

Repair

Fixico was founded in 2013 by Derk Roodhuyzen (29) and Mark van Laar (27). The company aims to simplify the recovery process of cosmetic vehicle damage for both the consumer and the repairman. Users can send digital photos to connected garages (BOVAG and/or FOCWA accredited). Within 24 hour he/she receives at least three quotations from these repair firms. Based on the best quotation, the user can select a repairman. More recently the company also introduced an insurance product.

"We can make the market for car repair more transparent for both consumer and fleetowner with savings of 30 percent on average", Fixico says. The company currently employs a staff of 25 people and says it’s expanding fast.

Image credit: Fixico