Webel, a Spanish platform for finding and hiring at-home services, has closed a €1.4 million funding round and opened its first international market in London. The round saw participation from investors like Goodwater Capital and existing international investors Decelera Ventures and Czech ZAKA VC, which shared the news directly to AIN.
About Webel
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Webel is a Spanish company developing an app, which offers various at-home services, including cleaning, handyman, and ironing.
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The app has experienced a 650% growth in the past year, with 80% of transactions being from returning customers. With a 99.5% satisfaction rate, users can search, compare, and hire professionals in just three clicks.
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The company operates in 20 cities, including Madrid, Barcelona, Alicante, Valencia, Málaga, Bilbao, and Palma de Mallorca. It has also now expanded its international service to London.
“With this capital injection, we can continue consolidating our national expansion, where we expect to close the year with 500% growth, while also opening the doors to international expansion, taking Webel outside Spain for the first time. Our model is unique, and we are 50% cheaper than any competitor, giving us a significant competitive advantage that will help us conquer similar markets,” Nacho Tejero, CEO and Co-Founder of Webel, said.
Investment details
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The round was backed by London-based fund Goodwater Capital, Spanish startup decelerator Decelera Ventures, and ZAKA VC, a Prague-based pre-seed & seed VC firm.
“At ZAKA, we continue to invest in Webel because they exemplify the qualities we value in early-stage startups: Innovation, transparency, and data-driven growth. Our initial investment was driven by their unique platform leakage prevention feature, which incentivizes service suppliers to stay engaged by reducing fees and boosting visibility. This, in turn, allows Webel to expand efficiently while fostering strong relationships with service providers. Webel’s exceptional reporting capabilities, adaptability, and operational transparency further solidified our confidence, making them a standout in our portfolio,“ Samuel Zalesak, Associate and Member of Investment Committee at ZAKA VC, states.
AIN reminds our readers that in October 2023, Webel raised a €2.1 million seed round from Estonian Trind VC, with participation from current investors ZAKA VC and Decelera Ventures.
With the fresh funding, Webel plans to expand its platform by implementing cross-selling strategies and developing internal software. This will enable companies to manage and offer services through the app and website, allowing for a larger community for growth.