Acton Capital leads Series A of German car subscription provider Cluno
Munich, April 12, 2018 – Mobility startup CLUNO has closed a Series A financing round of €7m lead by Acton Capital Partners, a Munich-based, venture capital firm that has successfully supported a large number of Internet companies. The previous investor Atlantic Labs, also participates in the current round.
Founded by Christina Polleti, Nico Polleti, and Andreas Schuierer, Cluno offers a new form of automobility: car subscription. Customers can easily book their car online via cluno.com and pay a fixed, monthly rate, which includes everything except refueling. After six months, customers can pause, stop or switch to another vehicle at any time.
Nico Polleti, co-founder of Cluno: “We provide our customers with easy and convenient access to unrestricted, personalized mobility. Our customers have bought or leased cars in the past, and with Cluno they find a more contemporary, more flexible response to their mobility needs. The financing round will be used to expand our team, to amend the digital user experience, and to extend the partner network.”
Dr. Christoph Braun, Managing Partner at Acton Capital: “Our understanding of mobility is changing rapidly. New technologies such as electric vehicles or self-driving cars will no longer be bought or leased via the traditional way. In just a few months, Cluno has created an attractive car subscription model that makes these new technologies easily accessible.”
“While traditional leasing offerings are characterized by rigid contracts and lack of transparency, Cluno relies on a flexible model, digital-first customer experience with transparent all-inclusive pricing.”
– Christoph Braun
Cluno is a cross-brand mobility provider. The customer can book a car directly via Cluno and is accompanied throughout the whole customer lifecycle. To Cluno`s network count German and International car manufacturers and multiple banks and leasing companies as refinancing partners. Cluno is available throughout Germany. The founding team has previously founded easyautosale, which they successfully sold to AutoScout24 in 2015.