Avolta acted as the sole financial advisor to Spareka on its €11m Series B round. This round of financing involved CDC as a new investor and Demeter as historical investors who continue to support the company.
Spareka is specialized in the sale of spare parts and video-conferencing repairs of household appliances.
Spareka has just closed a €10 million financial year in 2022, with growth of 166% in the marketplace and 128% in videoconferences (commission model).
This Series B will mainly enable the company to consolidate its sales strategy and pursue its growth trajectory by developing a marketplace for spare parts for household appliances, as well as a videoconferencing service to help individuals repair their appliances themselves.
This is a trendy activity, which has been boosted by the Agec law, known as the “anti-waste” law. The Agec law obliges manufacturers to create a “reparability index”, a score out of 10 to be displayed on appliances (hoovers, dishwashers, washing machines) to determine their degree of repair.
Today, according to Ademe, only 40% of broken electrical and electronic products are repaired. Spareka plans to launch in Germany and Spain this year, after having set foot in Portugal, accompanying Leroy Merlin.
This transaction is a further testament to Avolta’s expertise in the Ecological Transition segment, with major deals completed over the past few years, having previously advised Invers, Woodoo, Weenat, Jungle, etc.
