Tech Company Financing Transactions
Instacar Funding Round
Instacar closed a $58.3 million funding round on 2/20/2023. Investors included Autohellas Sa, Olympia Group and Velocity Equity Partners.
Transaction Overview
Company Name
Announced On
2/20/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$58,335,000
Round
Undisclosed
Investors
Proceeds Purpose
The funds as investors bought into its growth vision of melding flexible car rental with value-add services.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
14 Pigasou
Maroussi, 15125
EL
Maroussi, 15125
EL
Phone
Website
Email Address
Overview
instacar is the leading car subscription service in Greece founded in january 2018 and officially launched in September of 2019. We offer our subscribers access to authorized dealership cars with flexible terms and fair prices. Join instacar and forget long-term contracts and surprise costs of traditional leasing services. Select your favorite car, drive it for as long as you want and return it at any time.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vassilis Damianos
Chief Financial Officer
Constantinos Samartzis
Co-Founder
Antonis Samothrakis
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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