Fixico, the online car damage repair platform, has raised €2 million during a new funding round. This brings the total funding for the Amsterdam-based company to € 2,6 million. The startup now intends to invest the growth capital to further scale its organisation, continuing and accelerating its growth in the Dutch consumer and business markets.
Fixico is an online platform enabling consumers to quickly and easily find, compare and select repair services for car damage. After uploading several photos of the damage, the vehicle owner receives quotes for repairs within 24 hours. In first instance Fixico has focussed mainly on the part of the car repair market that’s not controlled by insurers: damage that falls under the car owner’s excess deductible or is not covered by their insurance. In the last months, Fixico also started to roll out their insurance product by partnering with insurers. An international launch is currently in development. The space of cosmetic car damage repair has not been covered by other startups internationally.
Fixico is a Dutch startup founded in 2013 by Derk Roodhuyzen (29) and Mark van Laar (27). Since its foundation it has helped consumers to request over 50,000 quotes for vehicle repairs. Last year, the company grew by 450%. Meanwhile it employs a staff of 25 and has 10 vacant positions. Fixico co-founder Derk Roodhuyzen: “It’s time to take the next step. We have proven that we can make the market for car repair more transparent for both consumer and fleetowner with savings of 30% on average. We are welcoming more and more car rental agencies, leasing companies and insurance companies as customers.”
The lead investor in this round of funding is British-Dutch investment fund Orange Growth Capital which previously co-invested in fintech startup Bux (the Netherlands), ZOPA (UK) and KNIP (Germany). Alongside Orange Growth Capital, existing investors also participated in this round.
Radboud Vlaar, founding partner at Orange Growth Capital and member of the supervisory board at Fixico: “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. Fixico has demonstrated its benefits for the inefficient market of damage repair, both for consumers, insurers and other service providers.”