Motoreto
Latest round
- Seed
Last raised
- Jul 2023
Total raised
- $1.5M
Investors
- 5
About Motoreto
Founded in 2020 and headquartered in Madrid, Spain, Motoreto focuses on innovating the used vehicle marketplace.Motoreto specializes in providing a comprehensive platform for the sale and purchase of used vehicles, particularly from verified dealerships. The company’s core offerings streamline the process of acquiring used cars, enabling customers to explain their vehicle needs and receive tailored offers from over 1,500 verified dealerships. This service addresses challenges related to time and cost efficiency for both consumers and dealerships, facilitating a more effective marketplace.Motoreto generates revenue by facilitating transactions between consumers and dealerships in the used car market. Through partnerships with verified dealerships, the platform enables them to access a broader customer base while providing competitive offers to consumers. The transaction structure is commission-based, implying that dealerships may pay fees for leads generated through the platform. The company aims to consolidate its presence in the Spanish market while targeting expansion into other European markets.
Who invested in Motoreto
5 investors across 1 round
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Funding rounds
Seed
Jul 6, 2023
Amount
$1.5M
Investors
Questions about Motoreto
Who invested in Motoreto?
Motoreto has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Motoreto raised?
Motoreto has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Motoreto last raise money?
Motoreto's most recent round on record is a Seed, in Jul 2023.
What does Motoreto do?
Founded in 2020 and headquartered in Madrid, Spain, Motoreto focuses on innovating the used vehicle marketplace.
Where is Motoreto headquartered?
Motoreto is headquartered in Madrid, Spain.
Which VCs invest in companies like Motoreto?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back internet companies at Motoreto's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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