[Funding alert] Madrid-based Marketplace App Webel Secures €2.1 million Seed Funding
Oct 16, 2023 | By Startup Rise EU
![Webel, a marketplace app based in Madrid, has secured €2.1 million in venture money. Trind Ventures is the lead investor in this round, which is primarily for growth. ZAKA Ventures, Decelera Ventures, and Tiburon Ventures have also backed the round.](https://startuprise.co.uk/wp-content/uploads/2023/10/Madrid-based-Marketplace-App-Webel-Secures-E2.1-million-Seed-Funding.webp)
Webel, a marketplace app based in Madrid, has secured €2.1 million in venture money. Trind Ventures is the lead investor in this round, which is primarily for growth. ZAKA Ventures, Decelera Ventures, and Tiburon Ventures have also backed the round.
Other well-known business angels, include Hugo Arévalo, the creator of ThePowerMBA and a backer of Playtomic and Glovo, two current and potential unicorns in Spain.
Read also - Edinburgh-based Venture Capital firm Par Equity launching £100 million Fund
RECOMMENDED FOR YOU
![recomd](https://startuprise.co.uk/wp-content/uploads/2023/10/Madrid-based-Luzia-Secures-E9.5-million-Series-A-Round-Funding-.webp)
[Funding alert] Madrid-based Luzia Secures €9.5 million Series A Round Funding
Startup Rise EU
Oct 17, 2023
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/06/TechWolf.webp)
TechWolf Funding News -Belgium-based TechWolf Raises $42.75M Series B funding
Team SR
Jun 26, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2023/10/Innovative-ESG-Management-Solution-FINGREEN-AI-Raises-E1-Million-to-Transform-Sustainable-Finance-in-Europe.webp)
[Funding alert] Innovative ESG Management Solution FINGREEN AI Raises €1 Million to Transform Sustainable Finance in Europe
Startup Rise EU
Oct 5, 2023
The true challenge, nevertheless, lay in developing an approach that could be both profitable and scalable in addition to tackling the demands of customers. Many other firms that tried before struggled with this, mainly since platform leakage (users avoiding the platform's interface for subsequent services once they had connected) led to low retention of customers.
Webel’s approach was simple, as its CEO Nacho Tejero explained: “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.”
Read also - Italy-based Startup Data Masters Secures €200K in Funding
With this approach, they focused on increasing value to their supply while also developing an app that allows consumers to book their services in only five clicks. In order to do this, they created SaaS features (such as a calendar, notifications, and automated invoices) to make it easy for professionals to handle the services they had contracted via the app.
Read also - Berlin-based Kodex AI Secures €1.6 million in Funding
They also introduced a system that evaluates a professional's repeat business in comparison to that of their colleagues, awarding the most dependable suppliers with greater visibility and decreased commissions.
About Webel
Webel was founded by Nacho, Carlos, Guillermo, and Javier while they were at university. They abruptly learned that its influence was bigger than they had anticipated: the app gained popular among both clients and professionals after its launch in October 2019.
Read also - Dutch Startup Convious secures $9M Series A Round Funding
Recommended Stories for You
![story](https://startuprise.co.uk/wp-content/uploads/2023/11/Fintech-Insurtech-Innovation-Ecosystem-Tenity-Acquire-Hackquarters.webp)
Fintech & Insurtech Innovation Ecosystem Tenity Acquire Hackquarters
Startup Rise EU Nov 14, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2023/10/Ukraine-based-Product-Development-Company-Trinetix-Raises-10-million-in-Funding.webp)
[Funding alert] Ukraine-based Product Development Company Trinetix Raises $10 million in Funding
Startup Rise EU Oct 4, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2023/12/London-based-Peach-Worlds-Secures-USD540K-in-Pre-Seed-Funding.webp)
[Funding alert] London-based Peach Worlds Secures USD$540K in Pre-Seed Funding
Startup Rise EU Dec 23, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/05/uk-funding-800x-450-hgt-02.jpg)
Funding Wrap of the Week | European Startups Funding Roundup | May 19 – May 24
Startup Rise EU May 25, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/05/Inventory-Management-Software-Cin7-Acquired-Inventoro.webp)
Cin7 acquisition news – Inventory Management Software Cin7 Acquired Inventoro
Startup Rise EU May 4, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/01/London-based-Quntas-Labs-Secures-550K-in-Seed-Funding.webp)
[Funding alert] London-based Quantas Labs Secures $550K in Seed Funding
Startup Rise EU Jan 2, 2024