Fleequid Secures $3.4M in Seed Funding to Revolutionize Used-Bus Auctions

Italy-based Fleequid, a used-bus auction platform, has successfully raised $3.4 million in seed funding to expand its operations in Europe. The funding round was led by DFF Ventures and supported by Silence VC, FJ Labs, and angel investor Jack Greco. Fleequid was established by brothers Filippo and Federico Battaglia, leveraging their family's bus trading experience from the company Basco. In its initial months, Fleequid has already sold hundreds of buses, addressing inefficiencies within the traditional brokerage system where hidden fees are prevalent. Filippo Battaglia emphasized the significance of creating a platform that mitigates the limitations faced by bus owners and buyers in the industry, allowing for better transaction scalability. DFF Ventures appreciates the Battaglia brothers' insider knowledge and their innovative approach to disrupt the bus trading market.