Prague-based Bookbot, an online platform specializing in second-hand books, has successfully secured €4 million in a Series A funding round, bringing the company’s valuation to over €20 million. This round was led by Genesis Growth Equity Fund I, with continued support from existing investor Miton.
Founded in 2019 by CEO Dominik Gazdoš, Bookbot is focused on creating a customer-centric platform for second-hand goods. The company aims to eliminate the challenges often associated with buying used items by offering a seamless shopping experience. With the new funding, Bookbot plans to accelerate its growth in the DACH region (Germany, Austria, and Switzerland) and further improve its services.
Gazdoš emphasized the importance of understanding customer needs, stating, “We are committed to developing innovative solutions that make our service as convenient and enjoyable as possible. This funding will help us expand and refine our offerings, ensuring we meet the demands of our growing customer base.”
Advertisement
Giving Books a New Life
Bookbot offers a wide range of books, from literary classics to niche publications, all carefully photographed and categorized for easy browsing. The company’s efforts to provide a top-notch customer experience include organized inventory management and fast shipping options.
To facilitate the handover of used books, Bookbot partners with Europe’s leading book retailer, Thalia, allowing customers in Vienna to drop off their books at Thalia stores. Additionally, in both Vienna and Berlin, the “Book-Bote” service offers convenient home pick-ups, in collaboration with sustainable logistics partner DODO.
Projected Growth and Future Plans
Bookbot has ambitious plans to double its revenue to €24 million by the end of 2024, with the DACH region expected to contribute 50% of the company’s total revenue by 2025. The startup has already sold over 5 million books, with more than 750,000 shipped to its DACH warehouse, signaling strong demand and growth potential.
With this latest investment, the startup is poised to solidify its position as the leading second-hand book platform in Central Europe, while continuing its expansion into new markets.
