Acton leads €7m series-A for Cluno

Existing investor Atlantic Labs also took part in the financing, after providing the company with seed capital in 2016.

The fresh capital will be used to expand the team, improve the digital user experience and extend the company's partner network.

The founding team previously founded online car sales platform EasyAutosale, which was sold to Scout24 in April 2015 for around €5.6m.

Company
Cluno was founded in 2017 and was originally named Moyem. The company offers users access to a vehicle in exchange for a subscription fee. The fixed monthly rate includes all associated ownership costs except for refuelling. The company currently employs 20 people.

People
Acton Capital – Christoph Braun (managing partner).
Cluno – Christina Polleti, Nico Polleti, Andreas Schuierer (founders).

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• Topics
• Expansion
• DACH
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• Germany
• Venture