SpotMechanic Limited, a digital auto retail operator active in Greece, Poland, and Romania, has raised €1.5 million (approx. $1.8 million) from Alter Ego Ventures to accelerate its acquisition efforts.
Under a subscription agreement, Alter Ego Ventures — a subsidiary of Greece-based Alter Ego Media S.A. — will acquire a limited minority stake in SpotMechanic via preferred F shares, according to a regulatory filing by the investor.
Registered in London, SpotMechanic Limited operates technology-enabled used-car subscription and sales services through its subsidiaries:
- SpotMechanic.gr and SpotAWheel.gr in Greece
- SpotAWheel.pl in Poland
- SpotAWheel.ro in Romania
The investment forms part of SpotMechanic’s broader strategy to pursue partnerships and acquisitions involving companies with strong growth potential and operational synergies across its markets.
SpotAWheel has previously raised €119.4 million across nine funding rounds, including a Series B round that attracted backing from Adevinta Ventures, according to data from Crunchbase.
