Mister Auto raises 10 million euros

Iris Capital and Bpifrance acquire a stake in the company, which specialises in the online sale of car parts and accessories.

Mister-Auto.com has just announced the completion of a €10 million round of financing fromIris Capital (€6 million) and Bpifrance (€4 million). They join Rémi Saby, founder and chairman, and CM-CIC Capital Privé, who invested six million euros in the company in 2010 (see article: “Mister Auto raises 6 million euros “, 18/11/10).

With this fundraising, structured by Marc Oiknine, of Alpha Capital Partners, the group wants to “strengthen its business model” and pursue its European strategy: “The fundraising will give the company a new market penetration power”. The company will also take advantage of the financing to innovate in a number of areas: payment methods, delivery solutions, unit purchases, group orders, personalised management, customisable promotions, reprocessing of used parts, etc.

Founded in 2007, Mister-Auto.com has more than two million customers in 22 European countries. According to our information, the company has been approached by manufacturers with a view to an acquisition, but has declined the offer. In France, the company employs 90 people at its Genas site (Rhône) and has grown by more than 120% per year in recent years, with an expected turnover of around 100 million euros at the end of 2013.

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