Spareka fixes €11 million to help DIYers repair home appliances

It's a choice we’ve all faced - try and fix it, or just toss it and get a new one. When it comes to home appliances, this choice gets a bit tougher as they’re often higher-priced items and could have something as benign as a belt that needs replacing.

Then there's the process of countless hours of YouTube watching to try and diagnose the problem, a crossing of the fingers to hope you’ve got it right and then sourcing the correct part. Wait, where the heck do I even go to find a belt for a Bosch Series 6 WQG245R9GB?

Well, if you’re in France (and soon Germany, Spain, and Portugal), you’re in luck, as not only will Spareka help you source that part, ship it to you, and, here's the kicker, have a trained specialist walk you through the repair process via a video call.

Founded in 2012, the startup has closed an €11 million Series B funding round that saw the Caisse des Depots et Consignations (CDC) join as a new investor in the company, with existing investor Demeter continuing its financial support of the company.

The fresh capital is aimed at continuing and accelerating the company's growth as it gears up for a pan-European expansion that will see launches in Germany, Spain, and Portugal.

Since 2012, more than 1 million customers have repaired their devices via Spareka, a figure which according to the company, represents 41,000 tonnes of CO2 avoided, the equivalent of 16,400 round trips from Paris to New York.

Financially, Spareka reports that 2022's revenue numbers saw €10 million in turnover, representing a 166% growth in marketplace figures and a 128% increase in videoconferencing revenues.

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