# Motoreto

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

- Industry: Internet
- Headquarters: Madrid, Spain
- Website: www.motoreto.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Jul 6, 2023)
- Investors on record: 5

## About

Motoreto is a Spain-based company that provides a seamless platform for the sale and purchase of used vehicles, connecting customers with a network of verified dealerships.Founded in 2020 and headquartered in Madrid, Spain, Motoreto focuses on innovating the used vehicle marketplace. The company has successfully completed two deals, with their most recent funding round occurring on July 6, 2023. Motoreto raised EUR 1.4 million in Seed funding from investors including Core Angels, Fides Capital, First Drop, Neumáticos Andrés, and OK Group. The founder and CEO, Marco Conde, has been instrumental in the development of the company’s vision and operations.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. Additionally, Motoreto University enhances skill development for sales professionals within the automotive sector, reinforcing the company’s commitment to industry advancement.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. Although specific pricing plans are not disclosed, services such as the vehicle matching system and educational offerings through Motoreto University enhance the company’s value proposition.In July 2023, Motoreto raised EUR 1.4 million in Seed funding to further develop its technology and platform. The company aims to consolidate its presence in the Spanish market while targeting expansion into other European markets. This funding will support upcoming product developments and broader market outreach initiatives.

## Funding rounds

- Seed, Jul 6, 2023, $1.5M — Fides Capital, Neumáticos Andrés, OK Group, Core Angels, First Drop

## Investors

- Fides Capital (https://capitalatlas.ai/funds/fides-capital) — Seed
- Neumáticos Andrés — Seed
- OK Group — Seed
- Core Angels (https://capitalatlas.ai/funds/core-angels) — Seed
- First Drop (https://capitalatlas.ai/funds/first-drop) — Seed