Lithuanian startup RRR.Lt raises $1.2 million

Lithuanian startup RRR.Lt, a united system of used car parts sellers, has raised a $1.2 million investment in seed funding. The round was led by Practica Capital, with participation from private investors, Startup Lithuania reports. 

Founded in 2016, RRR.LT is a SaaS-based marketplace for used car parts sellers. The company is of the best and leading company in Lithuania and Baltic states for used car parts sellers’ business and inventory management systems. RRR.LT has developed a unique product and services for this market by changing how customers and sellers interact with each other and how the process flows. The platform manages all the money transfers, orders, logistics, and all the support clients need.

The funding will be used to expand into new markets and to disseminate sustainability ideas. To date, RRR.LT marketplace unites 421 used car parts sellers. Customers can buy online with RRR.LT and get a 10-day money-back guarantee. Usually, items are delivered within 1-8 business days in Europe.