Berlin - Schnittker Möllmann Partners (SMP) advised the garage portal Caroobi on its latest financing round. The Se-ries B financing round had a total volume of USD 20 million. It was led by Nokia Growth Partners. BMW iVen-tures, DN Capital and Cherry Ventures also participated in the financing again. Target Global also acquired a stake in the Berlin-based company.
Caroobi was founded in 2015 by Nico Weiler and Mark Michl. Caroobi is a marketplace for spare parts, that additionally offers appointments at partner garages at a fixed price. With the capital from the latest financing round, Caroobi plans to expand into neighbouring European countries.