About Spotawheel
Spotawheel is a company based in Athens (Greece) founded in 2015 by Charis Arvanitis and Kiriakos Agadakos.. Spotawheel has raised $480.37 million across 8 funding rounds from investors including Adevinta, FJ Labs and Velocity Partners. Spotawheel offers products and services including Used Cars Platform and Inspection Service. Spotawheel operates in a competitive market with competitors including AUTO1.com, OTOMOTO, Autovit.ro, Bestauto and CarZZ, among others.
- Headquarter Athens, Greece
- Founders Charis Arvanitis, Kiriakos Agadakos
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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
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Net Profit
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EBITDA
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Total Equity Funding
$480.37 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
Adevinta
& 10 more
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Employee Count
Employee Count
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Products & Services of Spotawheel
Spotawheel offers a comprehensive portfolio of products and services, including Used Cars Platform and Inspection Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for buying pre-inspected used cars with home delivery options.
Detailed mechanical inspections ensuring accident-free and reliable cars.
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Funding Insights of Spotawheel
Spotawheel has successfully raised a total of $480.37M across 8 strategic funding rounds. 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 8
- Last Round Last Round
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First Round
First Round
(01 Jun 2016)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series C - Spotawheel | Valuation |
investors |
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| Nov, 2025 | Amount | Debt – Conventional - Spotawheel | Valuation |
investors |
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| Apr, 2022 | Amount | Series B - Spotawheel | Valuation | Adevinta , UNIQA Ventures |
| 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 Spotawheel
Spotawheel has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Adevinta, FJ Labs and Velocity Partners. 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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Investments are made in proptech, fintech, SaaS, and multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech, insurance tech, digital health, and mobility verticals
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Founded Year | Domain | Location | |
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Early-stage technology ventures are supported by Collective Spark.
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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 Spotawheel
| 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 - Spotawheel
| 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 |
Spotawheel Comparisons
Competitors of Spotawheel
Spotawheel 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 AUTO1.com, OTOMOTO, Autovit.ro, Bestauto and CarZZ, 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 |
AUTO1.com is recognized as Europe’s largest wholesale platform for used cars.
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| domain | founded_year | HQ Location |
Multi-category vehicles are listed on an app-based platform.
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| domain | founded_year | HQ Location |
Online platform to buy/sell auto vehicles from dealers
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| domain | founded_year | HQ Location |
Functions as an app-based platform for listing and buying used vehicles.
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| domain | founded_year | HQ Location |
Provides an online platform for automotive listings and sales.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Spotawheel
Frequently Asked Questions about Spotawheel
When was Spotawheel founded?
Spotawheel was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Spotawheel located?
Spotawheel is headquartered in Athens, Greece.
Who is the current CEO of Spotawheel?
Charis Arvanitis is the current CEO of Spotawheel. They have also founded this company.
Is Spotawheel a funded company?
Spotawheel is a funded company, having raised a total of $480.37M across 8 funding rounds to date. The company's 1st funding round was a Series B of $118.12M, raised on Jun 01, 2016.
What does Spotawheel do?
Spotawheel was founded in 2015 in Athens, Greece, as an online dealer in the used car sector. The buying and selling process is redesigned to include car valuation and customer satisfaction features. Operations encompass online showrooms where inspected vehicles are listed, alongside doorstep delivery and warranty services. Buyers are enabled to search for cars, schedule test drives, and complete purchases digitally within the Greek market.
Who are the top competitors of Spotawheel?
Spotawheel's top competitors include AUTO1.com, OTOMOTO and Autovit.ro.
What products or services does Spotawheel offer?
Spotawheel offers Used Cars Platform and Inspection Service.
Who are Spotawheel's investors?
Spotawheel has 11 investors. Key investors include Adevinta, FJ Labs, Velocity Partners, Collective Spark, and Venture Friends.