# Citeecar

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

- Industry: Transportation Services
- Headquarters: Berlin, Germany
- Website: www.citeecar.com
- Total disclosed funding: $10M
- Latest round: Series A (Apr 4, 2014)
- Investors on record: 2

## About

Citeecar SA is an automotive technology company focused on delivering diagnostic and maintenance solutions to enhance vehicle performance and longevity through accessible resources and expert guidance.Founded in 2012 and headquartered in Berlin, Germany, Citeecar SA specializes in automotive diagnostics and maintenance resources. The company has secured funding through a SERIES A round led by Mangrove Capital Partners, raising USD 10.00 mn. In total, the company has completed one notable funding deal as of April 4, 2014. The founder's prior ventures are not disclosed, and there are no mentions of subsidiaries or significant pivots in business strategy.Citeecar specializes in providing a comprehensive suite of automotive maintenance and diagnostic solutions aimed at enhancing the performance and longevity of vehicles. Their core offerings include detailed guides and troubleshooting information centered around common automotive issues, such as engine performance, fuel system problems, and mechanical maintenance. These resources target both general car owners and automobile enthusiasts, empowering them with the knowledge to address issues like check engine light alerts and tire wear. Citee Car caters to a diverse clientele across North America, Europe, and parts of Asia, ensuring users can access valuable insights regardless of their location or vehicle type.Citee Car's revenue model is primarily built on providing automotive content and advice through various channels. The company generates revenue through a combination of direct-to-consumer sales and partnerships with automotive retailers. Transactions typically involve users accessing premium content or guides that address specific vehicle issues, with pricing structures designed for both individual consumers and businesses. The firm’s flagship services feature detailed diagnostic resources and maintenance guides, which help users troubleshoot common problems efficiently and effectively, establishing a meaningful connection with its users while contributing to the automotive service ecosystem.Citeecar plans to utilize the recent USD 10.00 mn raised in their SERIES A financing to enhance their product offerings and expand into new markets. The company aims to develop new diagnostic tools and maintenance resources that will be launched by the end of 2024, targeting expansion specifically within the Asian automotive market. This strategic move is intended to leverage increasing demand for vehicle maintenance solutions in emerging markets, enhancing their global footprint.

## Funding rounds

- Series A, Apr 4, 2014, $10M — Mangrove Capital Partners, bScope Partners

## Investors

- Mangrove Capital Partners (https://capitalatlas.ai/funds/mangrove-capital-partners) — Series A
- bScope Partners — Series A