Brussels’s LIZY secures €75M to scale its digital car leasing platform across Europe

Brussels-based LIZY, the digital platform for premium used lease cars, has raised €75M through a mix of debt and equity financing to accelerate its growth across Europe.

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The round is backed by existing investors and board members, including Michaël Grandfils, Denis Gorteman, Reginald Gillet, Nathalie Van Den Haute, Pieter Bourgeois, Marc Coucke, Lior Derhy, Emmanuel Damman, and Quentin Colmant.

The funding round will enable the company to further scale its circular leasing model, expand into new markets, and strengthen its position as one of Europe’s leading digital leasing players.

The announcement comes over a year after raising €11.5M in a fresh round of funding from D’Ieteren, Alychlo, NewAlpha Asset Management, and Welvaartsfonds.

The company has experienced significant growth, with 100 per cent growth in Belgium, 250 per cent in France, and 100 per cent quarter-over-quarter in the Netherlands.

In terms of operating results, Lizy generated €4M in EBITDA in 2023 and €10M in 2024, says a report from lecho.be.

Currently, the company has over 4,000 B2B customers and is ranked as the third fastest-growing company in Belgium by Deloitte Fast 50 over the past five years.

LIZY: Simplifying car leasing

Founded by Sam Heymans and Vincent Castus in 2019, LIZY simplifies the entire car leasing process from selection to delivery.

Through its platform, the company aims to eliminate the hassle typically associated with acquiring company vehicles, offering a user-friendly experience for clients.

The company has a stringent quality assurance process in place that involves thorough inspections conducted by specialists, covering over 100 checkpoints. 

The company offers operational renting and financial renting options. 

Operational renting consists of paying a monthly rental fee for the usage of the vehicle. 

Throughout the contract, the car remains the property of the leasing company, and upon contract expiration, it is returned. 

The financial renting includes a purchase option at the end of the lease period. Upon completion of the contract, individuals have the opportunity to acquire ownership of the car by paying a predetermined amount.