Caroobi is a technology company.
Caroobi has raised $20.0M across 1 funding round.
Caroobi has raised $20.0M in total across 1 funding round.
Caroobi was a Berlin-based technology company that built an online platform digitizing automotive repairs by connecting car owners with certified mechanics and workshops across Germany, Austria, Switzerland, and early UK expansion.[1][2][4] It served vehicle owners seeking transparent, fixed-price repairs and workshops needing customer leads and parts supply, solving pain points like opaque pricing, time-consuming diagnostics, and inefficient matching in the fragmented automotive aftermarket.[1][2][4] The platform offered remote inspections (diagnosing 80% of malfunctions accurately), warranties up to three years, pickup/delivery services, and tools for parts dealers to optimize inventory, achieving strong growth with over 2,000 monthly repairs, a network of 750+ partner workshops, and $20M in funding before its acquisition in early 2020.[1][2][3][4]
Caroobi was founded in October 2015 by Nico Weiler and Mark Michl in Berlin, Germany, targeting the outdated automotive repair sector where customers faced high costs, distrust, and inconvenience from traditional garages.[1][2][4] The idea emerged from recognizing the need to modernize a legacy market slow to adopt online tools, offering instant remote diagnostics, fixed pricing, and end-to-end services like vehicle pickup to bypass in-person lures for unnecessary work.[2][4] Early traction built quickly: by 2018, it had 400 workshops, repaired 2,000+ cars monthly, launched a parts platform growing 100% monthly, and secured $20M in Series B funding led by Nokia Growth Partners, with backers like BMW i Ventures, DN Capital, and Cherry Ventures—totaling nearly €30M invested.[1][3][4] This momentum led to its sale to a major automotive supplier within months of exit (about 7 years from last funding as of records).[1][3]
Caroobi rode the digitalization wave in automotive aftersales, a massive, growing market fragmented by independent garages lagging in online adoption amid rising vehicle complexity and parts demand.[1][4] Timing was ideal post-2015, fueled by investor confidence from BMW and others betting on marketplaces disrupting legacy trades like repairs—similar to Uber for mechanics.[3][4] Market forces like e-commerce penetration, remote diagnostics tech advances, and aftermarket expansion (e.g., genuine/aftermarket parts) favored it, influencing the ecosystem by proving viable models: post-acquisition, founders launched helloparts with GoGroup to digitize repair shop-insurer-parts flows.[1][4] It paved the way for B2B2C platforms in underserved sectors like appliances, highlighting tech's role in modernizing sole-trader industries.[4]
Post-2020 acquisition, Caroobi's IP and team fueled ongoing innovation, with founders driving helloparts to expand digital repair ecosystems across shops, parts, and insurers—capturing more aftermarket value.[1] Electrification, ADAS complexity, and subscription mobility trends will amplify demand for such platforms, potentially evolving into pan-European or global networks with AI diagnostics. Its legacy underscores how targeted marketplaces accelerate industry trust and efficiency, setting the stage for successors to scale where Caroobi pioneered.
Caroobi has raised $20.0M in total across 1 funding round.
Caroobi's investors include Atlantic Labs, Balderton Capital, Cherry Ventures, DN Capital, FJ Labs, Gotham Gal Ventures, Kearny Jackson, Mosaic Ventures, Nokia Growth Partners, Kazuma Ieiri, Alexander Ljung, Andreas Ehn.
Caroobi has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series B in June 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2018 | $20.0M Series B | Atlantic Labs, Balderton Capital, Cherry Ventures, DN Capital, FJ Labs, Gotham Gal Ventures, Kearny Jackson, Mosaic Ventures, Nokia Growth Partners, Kazuma Ieiri, Alexander Ljung, Andreas Ehn, Brigitte Mohn, Eric Quidenus-Wahlforss |