Acton leads $13m series-B for Vimcar

Existing investors Coparion, UVC Partners and Atlantic Labs also took part in the latest financing.

UVC invested from its latest VC fund, Unternehmerfonds II, which held a final closed on €82m in April and backed Vimcar’s first funding round in 2017 as one of its first investments, after holding a first close on €34m in January 2017. 

The fresh capital will be used to accelerate development and expand the company’s product offerings, as well as for investments into more aggressive sales and marketing activities.

Previous funding
UVC and Coparion led a $5.5m series-A round for Vimcar in April 2017 and were joined by French family office Groupe Arnault.

Company
Berlin-based Vimcar was founded in 2013 and launched its first product at the end of 2014, which is now used by 50,000 vehicles. The software was initially developed as a digital mileage tracker that can be used by employees of companies with business vehicles. It has since expanded its offering to cover a range of fleet management services such as route tracking, driver licence checks, contract management geo-fencing, cost data documentation, fuel card integrations and booking of pool cars. Vimcar employs 90 people.

People
Vimcar – Christian Siewek (managing director).

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