Last month Ukrainian VC firm TA Ventures and its associated private investor club ICLUB took part in a €10.5 million Series B funding round for Bipi, a fast-growing car-as-a-service startup headquartered in Madrid. The round was led by Adevinta Ventures, with participation from Toyota AI Ventures, Atresmedia, Maniv Mobility and IDC Ventures.
TA Ventures invested in Bipi for the first time in 2019. The fund says its expectations were “exceeded by Bipi,” whose team “delivered outstanding growth even in difficult times.”
“Backing Hans and his team for the second time was a no-brainer for us. You rarely meet a more hard-working and dedicated team. Their passion, relentless focus on the customer experience, and on making data-driven decisions has been an inspiration for us”, said Pawel Schapiro, partner at TA Ventures.
Viktoriya Tigipko, who heads TA Ventures and ICLUB, said she is “very excited about the fully digital process of flexibly subscribing to a vehicle instead of buying or leasing it.”
She sees in Bipi’s “exceptional growth and outstanding customer feedback” a confirmation of “their position at the forefront of the car-as-a-service market in Europe.”
TA Ventures is an early-stage venture capital firm, backing companies in seed and Series A deals across many tech sectors. The firm usually invests between $250,000 and $1 million with the capacity to provide follow-on investments. Its portfolio is largely focused on Europe and North America.
