Spanish home services marketplace Webel has successfully closed a $4.9 million pre-Series A funding round to accelerate its expansion across Europe. The investment, led by existing backer Trind Ventures, will be used to enhance its technology and broaden its market presence. Founded in 2018, Webel aims to simplify access to home services while creating flexible work opportunities for professionals.
Strategic Investment and Key Backers
The funding round saw strong participation from existing investors, including Trind Ventures, Decelera Ventures, and Tiburon, signaling continued confidence in the company's direction. Notably, the round also attracted Mantas Mikuckas, co-founder and former COO of Vinted, a leading European digital marketplace. His involvement brings valuable expertise in scaling consumer platforms and reinforces Webel's potential in the competitive home services sector.
Fueling Growth and Service Diversification
This new capital injection will be primarily channeled into strategic marketing initiatives and robust product development. The company intends to scale its proven business model and increase visibility for its recently expanded service categories. This focus aims to transition Webel's public perception from a cleaning-focused app to a comprehensive one-stop platform for all home-related needs.
While cleaning, ironing, and handyman tasks remain popular, Webel is experiencing growing demand in new areas like small renovations, moving services, and appliance repair. CEO Nacho Tejero highlighted this evolution, stating the platform now includes over 30 categories such as electricians, plumbers, and childcare. This strategic diversification is central to the company's plan to capture a larger share of the home services market.
A Competitive and Sustainable Model
A key differentiator for Webel is its competitive cost structure, which allows customers to book services at prices 30-40% lower than many competitors. This affordability does not come at the expense of its service providers, who benefit from significantly lower commission rates than the industry average. Professionals also retain full autonomy over their pricing, schedules, and client management, creating an attractive ecosystem for all users.
The platform's success is reflected in its substantial user base, which currently includes over two million customers and 350,000 registered professionals. With nearly one million service listings, Webel operates in 31 Spanish cities and has already begun its international journey with a launch in the United Kingdom. This scale demonstrates the model's viability and strong market adoption since its inception.
Future Outlook and European Ambitions
Looking ahead, Webel will use the funds to strengthen its foothold in Spain and expand its team of approximately 30 employees. The company is actively hiring for roles in marketing, technology, and product to drive the development of new features and enhance the user experience. These efforts are aligned with its ambitious goal of tripling its revenue by 2026 and moving closer to full profitability.
This funding round marks the beginning of a new growth phase for Webel, with a clear ambition to become a dominant force in the European home services market. The company has demonstrated impressive year-over-year growth, underscoring the sustainability of its business model. With fresh capital and strategic expertise, Webel is poised to accelerate its expansion and solidify its position as a leading platform.
In conclusion, Webel's $4.9 million funding round is a testament to its innovative approach and significant traction in the home services industry. The investment will empower the company to enhance its platform, diversify its offerings, and accelerate its European expansion. With a strong foundation and clear strategic vision, Webel is well-equipped to continue its growth trajectory and redefine how consumers connect with home service professionals.