The renting platform, Idoneo.com, has exceeded 222,000 euros in its financing round, which is 11% more than the initial goal. The company thus achieves the first phase of its investment round, which had the goal of raising 200,000 euros as part of its strategy to consolidate its presence in the Spanish market.
The round has been carried out through the European regulated collaborative financing platform crowdcube and it could reach a higher figure, since the investment opportunity will still remain open until March 20.
“Achieving our goal through a crowdfunding campaign, a model that is rare in our country, is a milestone for us”Explain Eduardo Clavijo, CEO and co-founder of the company. “The characteristics of this round of collaborative financing have allowed both large investors and micro-investors to form part of our company, which means a great economic and social support”.
The Spanish company has again had the support of investors such as Ricari and DraperB1which already led the platform’s previous round of investment, in addition to current partners and founding partners.
In addition, Idoneo.com begins its operations in the Portuguese market, thus addressing one of the main objectives of this round: expand internationally. “Portugal is our first step outside of Spain, but it won’t be the last. Renting (subscription to a car) is a global trend that, as is already the case in ours, is reaping great success in other countries such as Italy, Germany, the United Kingdom, etc.” Clavijo explains.
Europe will lead the subscription market
The subscription market in the mobility sector is increasing year after year, exceeding 5,000 million dollars by 2022, according to Global Market Insights. Looking to the year 2032, forecasts are above 100,000 million dollars globally.
In this context, Europe stands as the main driver of this growth. According to the CEO of Idoneo.com, “this is a great advantage for us, as we work in a market with strong growth and with a unique solution”.
