Bad Homburg v.d.H., October 7th, 2016 – Creathor Venture, one of the leading European Venture Capital firms, leads a new financing round in the rental car comparison site HAPPYCAR. Creathor Venture as well as the other existing investors HR Ventures, Capnamic Ventures, NWZ Digital and TruVenturo participated in the € 2.6 million financing round.
Previously, seasoned specialists from the travel sector like Swoodoo founder Wolfgang Heigl and Felix Schneider (Dreamlines founder) had invested in the rental car comparison site. As one of the fastest growing companies in the online travel industry HAPPYCAR is now active in five other European markets besides Germany: Netherlands, France, Spain, Italy and Poland.
“We are delighted that our investors trust us and are convinced of the success of our company. It enables us to further expand our established international business. In addition, it paves the way for entering further markets in the future. Furthermore, we are continuously working on improving our product to increase customer satisfaction and to increase transparency of our processes,” says Robert Schütze, the CEO of HAPPYCAR leading the team since October 2015.
Cédric Köhler, Managing Partner at Creathor, adds: “Travel tech continues to be one of our targeted investment sectors. We have had great successes in the space in the past and are continually looking to back strong teams with novel ideas in the segment. HAPPYCAR fits very well into our strategy in that regard.”
The web site specializes in the global comparison of offers and prices for rental cars. By using the broad partner network with more than 1,000 car rentals and brokers, the customer easily finds its desired rental car at the best price. This eliminates the time-consuming search for the best offer on the websites of each rental car provider. Numerous filter functions also help to adapt the rental car search to the client’s needs.
“Creathor is gladly leading the new funding round, based on the impressive progress that HAPPYCAR has made since our initial investment. The company’s rapid international growth shows that the HAPPYCAR team is on its way to build a veritable European category leader,” says Christian Weniger, Investment Manager at Creathor.