The French of Save raise 15 million to conquer Europe

by bold-lichterman

The amount

The start-up Save My Smartphone, specializing in the repair of mobiles and tablets, has raised 15 million euros from investment funds IDInvest Partners and 360 Capital Partners and from private investors such Xavier Niel, also boss of Iliad (Freemobile).

The market

Save has placed itself in a market neglected by traditional operators. The start-up, which has already opened 120 physical points of sale, promises an intervention time of 20 minutes on average, in front of the customer. They can also choose to send their defective equipment by post. It also sells a one-year warranty after repair.

The objectives of the Start-up

Save intends to reach the number of 200 stores in France by the end of 2015. To get started, its strategy is to favor the establishment in shopping centers located in large cities. The start-up, which wants to double its workforce, will land in four new markets this year: in the United Kingdom, Belgium, Spain and Portugal. It is already present in Switzerland and Sweden. “Our vision is to provide a repair service during the day on any mobile device in the world,” writes Damien Morin, its founder.

The founders: Damien Morin

Creation date: 2013

Seat: paris (Boulogne-Billancourt)

Workforce: 300