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Instacar
The leading car subscription service in Greece, aiming to offer an alternative to car ownership via a shared mobility service
About Instacar
Instacar.gr is a Greek startup that has revolutionized the vehicle leasing industry by introducing a 100% online process. This innovative company offers flexible leasing options for cars, ebikes, and escooters, making it a convenient choice for individuals and businesses alike. The company's proprietary fleet management tool, developed in-house, streamlines processes and facilitates vehicle deliveries, returns, and changes, ensuring a hassle-free experience for its users, referred to as 'instadrivers'.
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Instacar.gr has also developed its own application, a first for a Greek leasing company. Through this app, instadrivers can monitor everything about their vehicle and their contract. They can report incidents such as damages and accidents and directly book repair appointments. This digital approach breaks the bureaucracy traditionally associated with leasing, offering superior quality and speed of service.
The company operates in the Greek market and has recently raised capital of €55 million. This funding is expected to fuel its expansion into new markets and further its evolution. The company's business model is based on leasing vehicles, and it generates revenue from the leasing fees paid by its users.
Instacar.gr has received positive reviews from its users, who commend the company's prompt response, organization, and courteous service. The company's flexible leasing options have been praised as a welcome addition to the Greek market.
At a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Municipality of Marousi, Greece
- Employees
- 110
- Open positions
- 3
- Dealroom signal
- 81.5/100
- Industry
- Transportation
- Sub-industry
- Search, Buy & Rent
- Sector
- Transportation, Leasing
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
- Investment activity
- 1 company, latest Apr 2023
- Capital deployed
- —
- Preferred round
- ACQUISITION
Latest news
Press, funding announcements and product moves mentioning Instacar.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Feb 2023 | $12M | — | Undisclosed | ↗ |
| SERIES A✓Equity / VC | Feb 2023 | $48M | $194M | Olympia Group · Velocity Partners Venture Capital · Autohellas · Elikonos | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Instacar is 140K monthly website visits, up 16.7% over the last three months. Instacar's team grew 1.9% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Velocity Partners Venture Capital
Series A3 investors entered at this stage
Olympia Group
Autohellas
Elikonos
Other known investors1 additional known investor
Endeavor Greece
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Instacar on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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