# InstaMotion Retail

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/instamotion-retail

- Industry: Internet
- Headquarters: Munich, Germany
- Website: www.instamotion.com
- Total disclosed funding: $37M
- Latest round: Series B (Jan 16, 2021)
- Investors on record: 4

## About

InstaMotion Retail GmbH, based in Munich, Germany, specializes in the online sale of both new and used vehicles, offering a comprehensive platform that ensures quality and customer satisfaction.InstaMotion Retail GmbH operates as an e-commerce platform dedicated to vehicle sales. Founded in 2015 in Munich, Germany, the company has undergone no significant pivots but has focused on expanding its online vehicle marketplace. The CEO, Nikola Deškovic, has been instrumental in the company's growth, steering it towards successful funding rounds. The company raised EUR 24 million in Series B funding on January 16, 2021, with a total amount raised of EUR 24 million and a current valuation of EUR 93.738 mn.InstaMotion specializes in the online sale of used and new vehicles, primarily targeting the German automotive market. The company offers a curated selection of vehicles that adhere to strict quality standards, ensuring that each vehicle is no more than seven years old and has a maximum mileage of 130,000 kilometers. Their services include a comprehensive vehicle inspection conducted by qualified partners, along with a minimum one-year TÜV certification for each vehicle sold. Customers benefit from a unique trial period of 14 days to test their purchased vehicles, with a straightforward return policy if the vehicle does not meet their expectations. The company serves a diverse client base, including individual consumers seeking reliable used vehicles and those looking for financing or insurance options tailored to their automotive needs.InstaMotion generates revenue primarily through direct-to-consumer sales of vehicles, complemented by additional services such as financing and insurance. For the most recent year, 2021, the company recorded a revenue of EUR 61.97 mn and an EBITDA of EUR -20.71 mn. The transaction structure typically involves customers making a deposit on a vehicle, followed by monthly payment plans that can vary in terms of duration and final payment amounts. Each vehicle purchase includes a free one-year warranty, with the option for customers to extend the warranty for up to three additional years.In January 2021, InstaMotion Retail GmbH raised EUR 24 million in Series B funding from new investors G+J Digital Ventures and ACT Venture Partners along with returning investors Earlybird Venture Capital and THI Investments. InstaMotion will use this funding to accelerate its expansion and extend its technological lead, which may include developing new product offerings and enhancing their online sales platform. Currently, there are no specific details on upcoming product launches or new market expansions.

## Funding rounds

- Series B, Jan 16, 2021, $29M — Earlybird, G+J Digital Ventures, ACT Venture Partners, THI Investments
- Series A, Nov 6, 2019, $7.8M — Earlybird, THI Investments

## Investors

- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A, Series B
- THI Investments — Series A, Series B
- G+J Digital Ventures (https://capitalatlas.ai/funds/g-j-digital-ventures) — Series B
- ACT Venture Partners (https://capitalatlas.ai/funds/act-venture-partners) — Series B