23 mar 21

Fixico attracts €12m - and business guru

Fixico has announced an additional €5 million in funding, bringing its Series A round to €12 million, preparing the ground for further expansion in Europe. The digital car repair management platform – winners of the 2018 Fleet Europe Startup Award – also appointed business guru Simon Rothman to its board.

Award-winning and fast-growing, Fixico is a Dutch tech company determined to redefine Europe’s car damage repair industry. Worth about €120 billion in total, this industry is time-consuming, inefficient and ripe for disruption. 

Digital platform
That disruption is a matter of necessity as much as of opportunity: vehicles are increasingly advanced and complex to repair, so the need for customised repair guidance increases accordingly. 

This is where Fixico’s digital platform comes in. Its ‘smart matchmaking’ between type of damage and specific body repair shops results in seamless handling of the whole car damage repair process – not just for drivers, but also for fleet owners and insurers. The process also takes into account such critical variables as the window of availability, the level of expertise and price.

Unique and transnational
Disruption is working out well for Fixico. Despite the pandemic, the company grew by 300% in 2020. It currently works with over 150 partners in the fleet, rental, insurance and leasing industries. Fixico provides access to more than 2,500 body repair shop, via a unique and transnational marketplace network. It is currently active in Germany, France, the Netherlands, Belgium, Luxembourg and South Africa. 

The Series A round extension (led by Autotech Ventures, with the input of Finch Capital and all existing shareholders, and with the addition of Madrid-based Mundi Ventures) brings Fixico’s total funding to €19.3 million. This gives Fixico the firepower to continue its growth trajectory. 

Its ambition: “(To) become the European digital leader of the car damage repair industry,” says Derk Roodhuyzen de Vries, the company’s co-founder and CEO. “Next quarter, we’re launching in Italy, Austria and Denmark. We will likely add three to five more countries soson, with the UK and Spain at the top of our wish list.”

eBay Motors
In another significant development, Fixico appointed Simon Rothman to its Supervisory Board. Mr Rothman is a pioneer of online marketplaces and network effect businesses. He helped eBay grow from a small collectibles auction business into the global company it is today, with nearly 200 million users, generating over $40 billion in annual sales.

At eBay, Mr Rothman founded eBay Motors, which grew into a $14-billion business within the space of six years. He served as an early-stage board director at Tesla, Cargurus, Convoy and Nuro and is also an advisor and/or investor in companies such as Lyft, Lime, Getaround, Aurora, Fiverr and Poshmark. 

Image: Fixico

Authored by: Frank Jacobs