Spareka has raised €11 million in Series B funding to enhance its marketplace for household appliance spare parts and videoconferencing repair services, supported by CDC and Demeter.
Information on the Target
Spareka is a company that specializes in the sale of spare parts and offers video conferencing services for the repair of household appliances. Recently, Spareka successfully closed a financial year in 2022 with impressive figures, reporting €10 million in revenue, which represents a remarkable 166% growth in its marketplace segment and a 128% increase in its videoconferencing services, following a commission model.
The funds raised in the recent €11 million Series B financing round will be instrumental in solidifying the company’s sales strategy and promoting its growth. The capital will primarily support the development of its marketplace for spare parts and further enhancement of the videoconferencing service, enabling individuals to repair their appliances independently.
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Industry Overview in the Target’s Specific Country
In recent years, the demand for repair and maintenance services for household appliances has surged, spurred by various ecological initiatives and consumer awareness regarding waste reduction. Notably, the Agec law, often referred to as the “anti-w
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Avolta
invested in
Spareka
in 2023
in a Series B deal
Disclosed details
Transaction Size: $11M
Revenue: $10M