{"id":200,"date":"2018-06-06T15:27:20","date_gmt":"2018-06-06T15:27:20","guid":{"rendered":"https:\/\/www.dncapital.com\/blog\/?p=200"},"modified":"2018-06-06T15:27:20","modified_gmt":"2018-06-06T15:27:20","slug":"caroobi-raises-20-million-in-series-b-round","status":"publish","type":"post","link":"https:\/\/www.dncapital.com\/blog\/caroobi-raises-20-million-in-series-b-round\/","title":{"rendered":"Caroobi raises $20 million in Series B round"},"content":{"rendered":"<h2>Caroobi, raises $20 million in investment with a recent Series B round led by NGP Capital (formerly known as Nokia Growth Partners).<\/h2>\n<h3>Covered by <a href=\"https:\/\/techcrunch.com\/\">TechCrunch<\/a>, you can <a href=\"https:\/\/techcrunch.com\/2018\/06\/05\/caroobi-a-marketplace-for-automotive-mechanics-raises-20m-led-by-nokias-ngp\/?guccounter=1\">view the full article here<\/a>, with a excerpt below.<\/h3>\n<h4>&#8216;The amount of this investment is notable when you consider the size of it versus the potential of Caroobi\u2019s business today. The company says that in its current German footprint, for example, it works with only 750 mechanics today, but with a total addressable market of around 35,000 mechanics. It\u2019s currently servicing some 2,000 cars per month and growing 100 percent month-over-month.<\/h4>\n<h4>\u201cThe market potential is huge, and we currently have well below only one percent of it,\u201d Michl said.<\/h4>\n<h4>As Michl and his co-founder\u00a0Nico Weiler explain it, Caroobi is providing a platform to fill what is effectively a gap in the legacy automotive market.<\/h4>\n<h4>In many countries, one of the most common routes for repairing a car, or getting it serviced, is to use an independent garage or mechanic. But these days, as much of the process of finding and contacting tradespeople has moved online, much of the mechanic world has not come along.&#8217;<\/h4>\n<p>Read the full article:\u00a0<a href=\"https:\/\/techcrunch.com\/2018\/06\/05\/caroobi-a-marketplace-for-automotive-mechanics-raises-20m-led-by-nokias-ngp\/?guccounter=1\">https:\/\/techcrunch.com\/2018\/06\/05\/caroobi-a-marketplace-for-automotive-mechanics-raises-20m-led-by-nokias-ngp\/?guccounter=1\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caroobi, raises $20 million in investment with a recent Series B round led by NGP Capital (formerly known as Nokia Growth Partners). Covered by TechCrunch, you can view the full article here, with a excerpt below. &#8216;The amount of this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":201,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-news"],"_links":{"self":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/comments?post=200"}],"version-history":[{"count":1,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/200\/revisions"}],"predecessor-version":[{"id":202,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/200\/revisions\/202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media\/201"}],"wp:attachment":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media?parent=200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/categories?post=200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/tags?post=200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}