UnternehmerTUM, Coparion in $5.5m series-A for Vimcar

The investors were joined in the round by French family office Groupe Arnault and various business angels. Coparion will invest from its €225m venture capital fund.

UnternehmerTUM have a record of investing in the mobility sector after backing German bus operator Flixbus in its early stages. 

The additional capital will be used to develop further fleet management features for the application. There are plans to tackle areas such as fuel cards, tyre management, driving licences and leasing contracts.

Company
Berlin-based Vimcar was founded in 2013 and launched its first product at the end of 2014, which is now used by 5,000 companies. The software is a digital mileage tracker that can be used by employees of companies with business vehicles. There are plans to implement further fleet management services into the software in the future.

People
Vimcar – Christian Siewek (managing director).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture
• TH Lee/Groupe Arnault