Exciting news from Autobutler, Danish digital platform for auto repairs! Just recently the company has received its third investment, reports TrendsOnline. Massive money inflow of 43 million DKK (5.8 million euro) is coming from Autobutler’s previous investors Dawn Capital and Creandum and a new investor Index Ventures. This investment will help Autobutler to further advance in European car repair market that has a total value of 65 billion DKK (8.7 billion euro).
Index Ventures is one of the largest venture capital firms in the world. They bring both money and a expertise in the field. The venture company will sit on the Board together with the previous investors January Lehrmann, Jesper Buch and Martin Hauge as well as two founders Peter Michael Oxholm Zigler and Christian Legêne.
“We have created a whole new marketplace for motorists and workshops and became the largest online marketplace for car repairs in the four years since establishment. It is therefore a big pat on the back, that one of Europe’s most prestigious investors is backing the Autobutler’s growth in Sweden, Germany and the UK,”said CEO and co-founder Christian Games in the interview with TrendsOnline.
Autobutler received its first investment in 2012 from three Danish investors with heavy experience in the automotive and media market in Denmark such as Bilbasen and Bil Magazinet. The second investment came in August of last year from from English Dawn Capital and Creandum in the amount of 30 million DKK (4 million euro). The third, current, investment will be used towards making Autobutler’s agenda come true: that is becoming the biggest portal for car repairs. And with the huge growth of 200% a year the company has a solid foundation for that.