CarFix, an online-to-offline auto repair and maintenance platform, has announced the “temporary suspension” of its activity.
“The car service digital revolution is postponed,” the company’s website says, while promising that the service “will soon come back with a first-class product.”
Launched in 2016, the platform initially raised €1 million from Oskar Hartmann, a young German entrepreneur who developed several online businesses in Russia over the past ten years. In late 2016, CarFix secured an additional $5 million from a pool of investors which included Mail.Ru Group, Simila Venture Partners, the fund of French entrepreneur Pascal Clément, and Kima Ventures, a prolific pre-seed and seed stage fund backed by French billionaire Xavier Niel.
In late 2017 and early 2018, the company made an attempt to launch a Blockchain-based car insurance platform. Dubbed ‘VLB Token,’ the project failed, however, to attract a sufficient in the course of its ICO.
CarFix claims it served more than 100,000 clients from inception to date.
Sources: Russky Venture, Crunchbase
