# Caroobi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/caroobi

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Berlin, Germany
- Website: www.caroobi.com
- Total disclosed funding: $20M
- Latest round: Series B (Jun 6, 2018)
- Investors on record: 7

## About

Caroobi GmbH provides a seamless platform for automotive repair and maintenance services through a network of certified workshops in Germany, focusing on enhancing vehicle performance and safety for individual car owners and businesses alike.Founded in 2015 and headquartered in Berlin, Germany, Caroobi GmbH specializes in automotive repair services. The company has successfully completed 5 deals since its inception. In June 2020, it was acquired by Deutsches Werkstattnetz GmbH, although financial terms were not disclosed. Mark Michl, the founder, has a background in the automotive industry but no prior companies are listed.Caroobi specializes in offering a comprehensive range of automotive repair and maintenance services through a network of certified partner workshops across Germany. Their key services include engine repairs, transmission services, vehicle inspections, and seasonal checks aimed at enhancing vehicle safety and performance. Customers can easily book services online for various repairs carried out by trained professionals at partner locations. The company caters to individual car owners and businesses in need of fleet management, delivering services throughout Germany.In 2018, Caroobi reported a revenue of USD 9.20 mn but faced an EBITDA loss amounting to USD 10.04 mn for the same year. The revenue generation is based on a service booking model where customers pay for automotive services at partner workshops, and the pricing structure features fixed fees for specified services, including financing options for larger repairs.Following its acquisition in June 2020, Caroobi plans to expand its service offerings and geographic reach. The company is looking into launching new automotive services and enhancing its platform capabilities. With the recent Series B funding round of USD 20.00 mn led by NGP Capital, Caroobi intends to utilize these funds to support new product developments and potential market expansions.

## Funding rounds

- Series B, Jun 6, 2018, $20M — NGP Capital, DN Capital, BMW i Ventures, Cherry Ventures
- Series A, Jul 12, 2017 — DN Capital, BMW i Ventures, Cherry Ventures
- Seed, May 25, 2016 — DN Capital, TA Ventures, Cherry Ventures, FJ Labs, NAP

## Investors

- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Seed, Series A, Series B
- TA Ventures (https://capitalatlas.ai/funds/ta-ventures) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed, Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- NAP (https://capitalatlas.ai/funds/nap) — Seed
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series A, Series B
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B