Autofixer secures €3m venture debt from Orbit Capital
The online car-parts platform will fund European expansion, product development and hiring.
Autofixer has secured €3 million in venture debt from Orbit Capital, announced on 28 October. The Polish car-parts platform will use the financing to enter more European markets and expand its technology and team.
Expansion without issuing equity
The debt supports growth without selling additional shares. Czechia is the next market the company plans to enter, alongside work on an app and AI tools for identifying compatible parts.
Autofixer combines vehicle information with supplier catalogues to reduce mistakes when customers choose replacement components. Distributors provide the products while the platform manages listings, marketing and customer service.
Use of funds
European market expansion
Develop car-parts matching platform and app
Expand the team