About Cluno
Cluno is a company based in Munchen (Germany) founded in 2017 by Christina Maria Polleti, Andreas Schuierer, and Nico Polleti was acquired by ViveLaCar in February 2023.. Cluno has raised $36.64 million across 3 funding rounds from investors including Cazoo, NIBC and The Platform Group. The company has 18 employees as of December 31, 2021. Cluno operates in a competitive market with competitors including FINN, ViveLaCar, Carminga, ePilot Mobility and FlexxDrive, among others.
- Headquarter Munchen, Germany
- Employees 18 as on 31 Dec, 2021
- Founders Christina Maria Polleti, Andreas Schuierer, Nico Polleti
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$11.67 M (USD)-21as on Dec 31, 2020
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Net Profit
$-15.28 M (USD)-38as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$36.64 M (USD)
in 3 rounds
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Latest Funding Round
$87.98 M (USD), Debt – Conventional
Sep 24, 2019
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Investors
Cazoo
& 9 more
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Employee Count
18
as on Dec 31, 2021
- Acquired by
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Funding Insights of Cluno
Cluno has successfully raised a total of $36.64M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $87.98 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $88.0M
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First Round
First Round
(11 Apr 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Cluno | Valuation |
investors |
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| Feb, 2019 | Amount | Series B - Cluno | Valuation | Valar Ventures | |
| Apr, 2018 | Amount | Series A - Cluno | Valuation | Acton Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cluno
Cluno has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Cazoo, NIBC and The Platform Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Global investments in tech sectors are conducted by Valar Ventures.
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Founded Year | Domain | Location | |
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Tech-enabled companies are invested in by Acton Capital venture firm.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in early stage companies in Germany
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cluno
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cluno
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cluno Comparisons
Competitors of Cluno
Cluno operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FINN, ViveLaCar, Carminga, ePilot Mobility and FlexxDrive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based car subscriptions with insurance and maintenance are provided.
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| domain | founded_year | HQ Location |
Car subscriptions are offered monthly without long-term commitments.
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| domain | founded_year | HQ Location |
Subscription-based car rentals are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Vehicle subscriptions are managed through an online platform for users.
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| domain | founded_year | HQ Location |
Car subscription service providing flexible vehicle access and comprehensive coverage.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cluno
Frequently Asked Questions about Cluno
When was Cluno founded?
Cluno was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Cluno located?
Cluno is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Who is the current CEO of Cluno?
Nico Polleti is the current CEO of Cluno. They have also founded this company.
Is Cluno a funded company?
Cluno is a funded company, having raised a total of $36.64M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.64M, raised on Apr 11, 2018.
How many employees does Cluno have?
As of Dec 31, 2021, the latest employee count at Cluno is 18.
What is the annual revenue of Cluno?
Annual revenue of Cluno is $11.67M as on Dec 31, 2020.
What does Cluno do?
Founded in 2017 in Munich, Germany, Cluno operates in the automotive subscription sector. Flexible car rentals are provided without long-term contracts, featuring fixed monthly fees that cover maintenance, insurance, taxes, delivery, and tire services. An app enables user registration, vehicle browsing, and bookings, with options for pickup or doorstep delivery. Luxury subscriptions, including Porsche models under Cluno X, are also available.
Who are Cluno's investors?
Cluno has 10 investors. Key investors include Cazoo, NIBC, The Platform Group, ViveLaCar, and Varengold Bank.
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