P+P represents Caroobi on the deal
Caroobi GmbH has successfully completed a series-A financing with BMW i Ventures, the venture arm of the Munich automotive manufacturer, as well as the existing investors DN Capital and Cherry Ventures.
Founded in 2011, this is the first investment of the risk capital fund BMW i Ventures in a German company.
On the Caroobi online platform, users can book at home car repairs for a fixed price and have them repaired in one of over 400 approved Caroobi garages – including insurance and a guarantee of up to two years. Caroobi uses over 30 of its own car experts to diagnose car damage by remote diagnosis. The employees of the start-up also assume administrative tasks for the garages, such as ordering spare parts or writing invoices.
The Berlin-based start-up was founded in October 2015 by Nico Weiler and Mark Michl. Today, Caroobi has more than 60 employees and repairs several thousand cars per month throughout Germany.
P+P Pöllath + Partners represented Caroobi with Christian Tönies (Picture) (partner, lead, VC, Munich, Berlin) and Minkus Fischer (senior associate, VC, Munich)
Law Firms: P+P Pöllath + Partners;
Clients: Caroobi GmbH;