Cafler announces a 5-million-euro funding round


 Cafler, the startup that offers an on-demand service for everything related to the car, has announced a new funding round of close to €5 million (€4.8M). The new capital injection is led by Seaya Ventures, a fund that has invested in international companies, including unicorns such as Wallbox, Glovo and Cabify. In addition, Cafler maintains the ongoing support of its previous investors such as Banc Sabadell, Encomenda, Dídac Lee, René de Jong and Jacky Abitbol, partner of Cathay Innovation, one of the world’s leading investment funds. 

Cafler is currently present in 25 Spanish cities, as well as Paris and London. The company has more than 2,000 service points throughout Europe, and has performed more than 10,000 services since its launch. In little more than six months since its foundation, Cafler has 50 employees and plans to expand its fleet.  

“We have created in a few months of life a business proposal that was both disruptive and necessary; investors are giving us their trust because our hyper-growth strategy – both in services and expansion – is delivering excellent results. Our business strategy works, and we are working very hard to consolidate our business model in Europe in a few months”, said Ricard Guillem, founder of Cafler.   

On the other hand, Aristotelis Xenofontos, partner of Seaya Ventures, holds great respect for its collaboration with the Barcelona founded firm: “we are betting on startups with a future and the Cafler team has shown great professionalism, talent for innovation and management and a great ability to generate business and attract large companies”.    

Consolidation of Spain, international expansion, and new service platform  

Cafler was launched in July 2021 in two cities: Madrid and Barcelona. Months later, the startup is already present in 25 Spanish cities including Valencia, Castellón, Seville, Málaga and Bilbao, as well as in the metropolitan area of the major capitals. Likewise, the company’s international expansion is already in operation: Cafler is now live in Paris and London. This new capital aims to strengthen Cafler’s presence throughout Spain and to promote the opening of new European cities such as Milan and Berlin.    

Finally, Cafler has launched new services: the company now offers the Pre- MOT + MOT service. In addition, car dealers, car rental companies, garages and commercial fleet among many other companies and particulars will be able to benefit from vehicle transfer services, either with driver or tow trucks, for short, medium and long distances. Furthermore, users will be able to request new services from Cafler’s from our current fleet of drivers, such as washing, workshop service or refueling, among others.             

In all this process of growth, Cafler has been working closely with PwC’s high-growth companies’ section, which specializes in innovative start-ups in the international expansion phase.