Brussels, Belgium-based startup Lizy wants to make it easier for solo entrepreneurs, freelancers and small business owners to lease second-hand vehicles at attractive terms such as shorter contracts and lower fees.
To boost the company's growth, Alychlo - the family investment company of well-known entrepreneur Marc Coucke - has backed the company alongside D'Ieteren Group (which was already on the cap table through its Lab Box studio and remains the venture's largest shareholder) and VC firm New Alpha.
Per De Tijd, Lizy secured around €8.5 million in equity funding and another €32 million in a debt financing agreement.
To date, about 1,500 companies across Belgium have leased vehicles using Lizy's platform.
The startup has set its sights on international expansion across Europe, eyeballing France, Germany and the UK in particular.