Webel Secures €4.3 Million to Expand Home Services Marketplace
Madrid-based digital marketplace Webel, known for its easy-to-use platform to book a variety of home services, has successfully raised €4.3 million in a Pre-Series A funding round. This fresh capital injection is set to fuel the company's growth, enhance its technology, and support its expansion plans across Europe.
Funding Details
The funding round was led by Trind Ventures, with participation from Decelera Ventures, Tiburon, and Mantas Mikuckas, co-founder and former COO of Vinted.
About Webel
Founded in 2018 by Carlos Rincón, Guillermo Urquijo, Javier Ginés Sánchez, and Nacho Tejero Mancho, Webel offers a seamless platform for consumers to find and book home services ranging from cleaning to handyman tasks. The company aims to simplify the process of hiring professionals for home services, thereby creating new job opportunities in the sector.
Executive Insights
"Our mission is to revolutionize how people access home services, making it as simple as three clicks," said Nacho Tejero Mancho, Co-Founder and CEO of Webel.
Strategic Use of Funds
The newly acquired funds will be directed towards accelerating Webel's growth trajectory, improving its technological infrastructure, and expanding its reach across Europe. The company has already built a significant user base, boasting over 2 million users and approximately 350,000 registered professionals. Additionally, Webel offers nearly one million service listings, with home cleaning, ironing, and handyman services being the most popular.
Market Context
Despite the global home services industry's valuation exceeding €1 trillion, its digitalisation is still in the early stages compared to other e-commerce sectors. Webel's platform addresses this gap by providing a digital solution that simplifies the booking and management of home services.
Future Prospects
With the support of its investors, Webel is well-positioned to capitalize on the growing demand for digital home services solutions. The company plans to expand its service categories further, exploring opportunities in small home renovations, moving services, and other emerging areas.