Acton Capital Leads Series A of Car Subscription Provider Cluno

by | April 12, 2018

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.

Über Acton Capital Partners

Acton Capital Partners ist ein internationaler Wachstumsinvestor mit Sitz in München. Seit 1999 investiert das Acton-Team erfolgreich in digitale Pioniere in Europa und Nordamerika.

Investmentfokus liegt dabei auf skalierbaren Geschäftsmodellen aus den Bereichen Future of Work, Digitale Marktplätze und Plattformen, Ecommerce, FinTech sowie Software-as-a-Service.

Bettina Engert Administrator
Director Communications , Acton Capital

 

About Acton Capital
Acton Capital is a leading growth venture capital investor in Europe. Since 1999, the Acton team supports digital startups in the fields of marketplaces, e-commerce, SaaS, FinTech or Future of Work on their way to market leadership. Acton Capital invests worldwide with strong focus on Europe and North America. With two decades of investment experience and a deep understanding of tech-enabled business models, the team has invested over EUR 500+ million across five fund generations.

 

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