Faraday In The News

Bechester exceeds 1.5 million in revenues in 2022 and continues its expansion throughout Europe

By 17 January 2023 January 18th, 2023 No Comments

Bechester has managed to triple its growth to over 1.5 million in revenue in its second year of operations since its launch in 2021 in Valladolid. The Startup led by Ignacio Posadas and Adolfo Delibes offers hundreds of brands of furniture, household appliances and interior design and decorations on its marketplace platform, with options to rent, buy new or second-hand for individuals and companies.

Shortly after its launch, the Startup has attracted more than 400 sellers with over 200,000 household items, including sustainable products as well as “preloved” (second-hand articles) and refurbished items.

They also offer comprehensive services for companies, having completed more than 130 comprehensive projects, specialising in sectors such as co-livings, hotels, build-to-rent, tourist rentals or SOCIMIs that are looking for more sustainable options and prefer to delegate the complete equipment service to a third party that can take care of everything from interior design proposals to the delivery and assembly of the items. In addition, they avoid decapitalisation with their leasing model, as they can switch from CAPEX to OPEX, which facilitates expansion for many of these companies.

In just 6 months, the Startup has also managed to stand out in the French market where it has a local team offering services for businesses. The plan is to replicate its marketplace in France in the first half of 2023, so that French consumers can search and compare hundreds of thousands of household items.

Bechester’s success has attracted the interest of investment funds such as Faraday Venture Partners or Business Angels such as Hugo Arévalo (ThePower Business School) or Felipe Navío (jobandtalent).

Currently, the company has a new investment round open and aims to attract European partners to reach 15 million euros by 2024 and expand into more markets on the continent.

Media sources: Capital Riesgo, Marketplaceshoy (Spanish only!)