Editor's choice
12 juin 19

Smart Mobility Start-up of the Year winner raises $7m from Silicon Valley

Fixico, the winner of the 2018 Smart Mobility Start-Up of the Year Award, raised €7 million to grow its international footprint and fleet and insurance partnerships.

The €7 million funding round was led by Autotech Ventures, an early backer of Lyft. Autotech Ventures’ Managing Partner Alexei Andreev joins Fixico’s Supervisory Board.

Previous investors, including serial entrepreneur Laurens Groenendijk (JustEat, Treatwell, Hiber) and Orange Growth Capital also participated in this round, bringing the total amount of funding to €14.3 million to date.

The fresh capital and Autotech’s global network of transportation corporate partners will be employed to accelerate growth and strengthen Fixico’s B2B solutions. International players like AXA and AON are already using the platform to offer a fully-digital damage handling process.

The Dutch technology company offers a digital platform that seamlessly handles car repair for consumers, insurers and fleet owners, giving them full control at every step of the repair process.

Fixico is currently active in the Netherlands, Belgium, Germany and South Africa, working with one of Europe’s largest independent, high-quality networks of more than 2,000 repair shops in total.

“In the car damage repair space,  it seems as if time has stood still. The driver’s customer journey is still inconvenient and time-consuming. It involves numerous calls, emails, physical inspections, and so on. Yet today’s consumer expects a seamless experience, via a few simple clicks, like booking a taxi or a hotel,” said Derk Roodhuyzen de Vries, CEO of Fixico. “With Fixico, we offer an innovative and fully digital way to handle car damage repairs. Fleet and insurance partners use our platform as an intelligent repair tendering/ steering mechanism, to lower costs and cycle times and gain real-time insights.”

Image: The team of Fixico at the Smart Mobility Startup Awards at the Fleet Europe Summit 2018 (from left to right): Boris Koster (Head of Business Development), Derk Roodhuyzen de Vries (Founder & CEO) and Luca Samorì (CCO).

Authored by: Benjamin Uyttebroeck