Webel Secures €4.3 Million in Pre-Series A Funding Round
Madrid-based Webel, a digital marketplace designed to simplify the booking of home services, has successfully raised €4.3 million in a Pre-Series A funding round. This funding aims to support the company’s growth, enhance its technological offerings, and facilitate its expansion across Europe.
Investors and Leadership
The funding round was led by Trind Ventures, with additional participation from Decelera Ventures, Tiburon, and Mantas Mikuckas, who is known for his role as the co-founder and former COO of Vinted. The leadership team at Webel includes co-founders Carlos Rincón (CPO), Guillermo Urquijo (COO), Javier Ginés Sánchez (CTO), and Nacho Tejero Mancho, who serves as the CEO.
Company Background
Founded in 2018, Webel operates as a digital platform where users can easily find, compare, and hire various home services with just three clicks. The platform hosts a wide range of services including home cleaning, ironing, and handyman services, among others. It boasts over 2 million users, with around 350,000 registered professionals and nearly one million service listings.
Strategic Use of Funds
The newly secured funds will primarily be used to accelerate Webel's growth and technological advancements. In particular, the company plans to expand its operations across Europe, tapping into a market that, despite being valued at over €1 trillion globally, still experiences relatively low digitalisation compared to other e-commerce sectors.
Expanding Service Offerings
Webel continues to innovate and expand its service categories. While traditional services like cleaning remain popular, the platform is seeing increased demand for newer offerings such as small home renovations, moving services, and personal grooming services like manicures.
Looking Ahead
This latest round of funding positions Webel to strengthen its market presence and adapt to the evolving needs of its European customer base. With a robust backing from seasoned investors, the company is poised for significant growth in the coming years.