Czech digital second-hand books platform Knihobot & Bookbot, which buys and sells pre-owned, high-quality books, has raised €4 million in a Series A funding round, bringing its valuation to over €20 million. The investment was led by Genesis Capital Equity, with support from existing investor Miton.
- Established in 2019 by Dominik Gazdoš and David Gazdoš, Knihobot & Bookbot offers a platform for selling second-hand books.
- Bookbot offers several convenient options for users to sell or receive books:
- Mail: Users can send their books directly to Bookbot through traditional postal services.
- Drop-Off Points: In Vienna, users can drop off their books at any Thalia store, a book retailer and partner of Bookbot.
- Home Pickup: Available in Vienna and Berlin, the “Book-Bote” service allows users to schedule a home pickup. Bookbot's partner, DODO, will collect the books directly from their homes at a time that suits them.
- The startup currently serves customers in the Czech Republic, Slovakia, Germany, and Austria. It has sold over 5 million books and received 750,000 books in its warehouse from the DACH region.
"Alongside our amazing team, we're not just about selling books—we’re committed to sustainable recommerce by providing affordable, unique options that let everyone express themselves. The future looks bright, and we aim to double our revenue to €24 million by the end of 2024," Knihobot & Bookbot's team, commented on LinkedIn.
- The investment was led by Genesis Growth Equity Fund I, a venture capital fund managed by Genesis Capital Equity, which is based in the Czech Republic and invests in companies across the Czech Republic, Slovakia, Poland, Hungary, and Austria. Additionally, existing shareholder Miton, a Prague-based venture capital firm, also participated in the funding round.
- The startup aims to double its revenue to €24 million by the end of this year and to further expand its second-hand online bookstore within the DACH market.
