Madrid, a Spain-based app bringing almost any service, such as cleaning, tutors, and beauty, to your doorstep, Webel has recently secured EUR 2.1 million in a seed round. The company announced the investment on October 16, 2023. Trind Ventures led the financing for the company. ZAKA Ventures, Decelera Ventures, and Tiburon Ventures joined in the funding. Meanwhile, other well-known business angels, such as Hugo Arévalo, the founder of ThePowerMBA and an investor in Spain’s current/future unicorns like Glovo or Playtomic, also provided the investment.
Purpose of financing for Webel
With the latest proceeds from the seed round, Webel aims to deliver more than 1 million services per year. It also has plans to expand into new markets such as Italy and the UK. Webel has been growing ten times yearly for two consecutive years already. Currently, it delivers more than 100,000 services per year.
What the company’s official has to add
Webel’s CEO, Nacho Tejero, said, “If you want people to place repeat orders through your platform (and pay a commission), the value created for both parties by doing so – such as ease, speed, and comfort – must exceed the economic value (take rate) you are extracting from the transaction. If not, people will logically opt for alternatives off-platform.”
What the investors have to comment
Andrej Petrus, Chief Investment Officer at ZAKA VC, said, “We were closely tracking the team of Webel for almost a year. During that time, they really proved the scalability of their marketplace model and expanded from Madrid to Barcelona and Zaragoza with impressive growth numbers. What is even more important for us is the dedication of the team, and we feel that they really know what they are doing. Webel is the first investment of ZAKA VC in Spain. We are excited and looking forward to this platform expanding into other European regions and even outside.”
In addition, Peeter Kompus, Principal at Trind VC, said, “Since our investment in the previous round, we have consistently been impressed by the team’s sheer grit and the company’s outstanding performance. They have shown that the home services marketplace can thrive by addressing the key issues for both sides of the marketplace. We are excited to continue supporting the team on their ambitious goals.”
About the company
Nacho Tejero, Carlos Carlos Estévez Rincón, Guillermo Mateo, and Javier Ginés Sánchez launched the company in 2019. The company began their operations in Madrid. However, they have already expanded into Barcelona and Zaragoza, both of which are experiencing growth three times faster than Madrid. Meanwhile, the company maintains just one-third of the marketing expenditure. With their successful expansion playbook, their current goal is to bring Webel into the hands of millions of people, one by one.
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