Estonian Trind VC invested in the Spanish marketplace for home services Webel

Estonian Trind VC led a €2.1M seed round of Webel, a Madrid-based on-demand services marketplace. Other investors were Czech ZAKA Ventures, Spanish Decelera Ventures, German investment firm Tiburon Ventures, and other business angels, including Hugo Arévalo, the founder of Spanish business school ThePowerMBA and an investor of Spanish-based startups Glovo and Playtomic.

Founded in Madrid in 2018 by Carlos Estevez Rincon, Guillermo Mateo, and Nacho Tejero Mancho, Javier Ginés Sánchez, Webel is a marketplace that allows its customers to book beauty, cleaning, and maintenance services, sports activities, languages, music or Math classes, babysitting, pet sitting, and many other services and get them at their home. The platform offers SaaS tools like a calendar, notifications, and automated invoices.

The client knows the price and duration of the service before booking. The price is set by the professional, and the hours - by the client. With the up-to-date availability of professionals, clients can book services directly in the professionals' agenda. It helps make the process of booking faster.

The startup delivers over 100K services per year. The company’s business scaled 10 times yearly during the last two years. It works in Madrid, Barcelona, and Zaragoza.

Webel’s team will use the investment to expand in the Italian and the UK markets. In addition, the company plans to increase the number of provided services up to 1M per year.

In February 2023, Trind VC, Tiburon, and Hugo Arévalo already invested €550K in Webel. It was an early seed round, also led by Trind VC.

Trind Ventures is an early-stage venture fund with an initial ticket of €0,1M-€1M, and follow-on investments up to €5M per company. The partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola, Taavi Lepmets, and Reima Linnanvirta. In September 2022, the company closed Fund II at €55M. It aimed to invest in 30–40 startups in four years. Fund II has already invested in Barcelona-based event management software Xceed, an Estonian platform for buying and selling second-hand fashion goods Yaga, the German marketplace of luxury designer bags SACLÀB, UK B2B database provider Royalty Range, and Finnish marketplace for second-hand furniture Mjuk. In February 2023, the firm exited from German startup Chatchamp, in which it had invested in 2019. The new buyer was the German personalization platform trbo.