# Spotawheel

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

- Industry: Internet
- Headquarters: Athens, Greece
- Website: www.spotawheel.gr
- Total disclosed funding: $7.9M
- Latest round: Series B (Apr 6, 2022)
- Investors on record: 7

## About

Spotawheel is a vehicle sales and leasing company specializing in high-quality used cars, providing tailored solutions for both individual consumers and businesses in Greece.Founded in 2015 in Athens, Greece, Spotawheel focuses on the sale and leasing of used vehicles. The company has successfully executed 7 deals, with its most recent funding round occurring on April 27, 2022, where it raised EUR 15.00 mn led by VentureFriends. Charis Arvanitis serves as both the CEO and founder of the company.Spotawheel specializes in the sale and leasing of high-quality used vehicles, addressing the needs of both individual consumers and business clients. Their core offerings include a wide selection of pre-owned cars and leasing options tailored for businesses, ensuring customers have access to reliable transportation solutions. The company emphasizes quality assurance through comprehensive vehicle inspections and provides financing options that enhance accessibility for a broader client base. Spotawheel also offers a return policy, which further assures consumers of their purchasing decisions. Operating primarily in the Greek market, the firm has established a reputation for transparency and customer service, catering to those seeking both personal and commercial automotive solutions.Spotawheel generates revenue through direct sales of used vehicles and leasing agreements, targeting both consumers and businesses. The business model is structured around facilitating transactions that include the sale of vehicles to individuals, as well as providing leasing options for corporate clients seeking to manage their fleets. In November 2025, Spotawheel raised EUR 300 million in mixed equity and venture debt funding from new investor Pollen Street and other unspecified investors. The company plans to use the November 2025 funding to expand into more European markets and grow its used car subscription fleet.

## Funding rounds

- Series B, Apr 6, 2022 — UNIQA Group, Rockaway, Collective Spark, FJ Labs, VentureFriends, Velocity.Partners, Adevinta Ventures
- Series A, Mar 11, 2020 — FJ Labs
- Seed, Jul 23, 2019, $5.6M — VentureFriends, Velocity.Partners
- Seed, Jul 31, 2017, $2M — VentureFriends
- Seed, Jun 6, 2016, $0.3M — VentureFriends

## Investors

- VentureFriends (https://capitalatlas.ai/funds/venturefriends) — Seed, Series B
- Velocity.Partners (https://capitalatlas.ai/funds/velocity-partners) — Seed, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series B
- UNIQA Group — Series B
- Rockaway (https://capitalatlas.ai/funds/rockaway) — Series B
- Collective Spark (https://capitalatlas.ai/funds/collective-spark) — Series B
- Adevinta Ventures (https://capitalatlas.ai/funds/adevinta-ventures) — Series B