Madrid-based Webel, an on-demand home services marketplace, announced that it has raised €550K in Simple Agreement for Future Equity in a funding round led by Trind Ventures.
Tiburon (a super angel fund from Daniel Wild and Felix Artmann) and business angels such as Hugo Arévalo (founder of ThePowerMBA) also participated in the round.
Webel says it will use the funds to accelerate its growth and expansion, primarily in markets like Italy and Portugal.
Webel was founded by Nacho Tejero, Carlos Estévez Rincón, Guillermo Mateo, and Javier Ginés Sánchez while at university.
The founders built a platform where clients can book services in just five clicks.
Webel claims that on average, each customer currently books 8 services a year, which resulted in +75 percent of their GMV coming from repeat customers.
Additionally, the Spanish platform witnessed a 23 percent monthly growth for 13 consecutive months.
The company then expanded its operations into Barcelona, which represents 15 percent of its total GMV thanks to a 55% MoM growth for the past 4 months.
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