KKR leads €100m series-C for Ornikar

The GP is investing primarily via its Next Generation Technology Growth Fund. Ornikar is KKR's third growth investment in a French tech startup, following its investments in Ivalua and Fotolia. 

Existing investors Idinvest, BPI France, Elaia Partners, Brighteye Ventures and H14 also took part in the fundraising, which brings the total the company has raised to €146m. 

The company said it added 420,000 new users last year, growing as much as 30% a month during the pandemic. 

Previous funding 
Elaia and Partech Ventures first backed Ornikar with an investment of around €1m in 2014. In March 2018, the VCs, alongside Idinvest and Brighteye, took part in a €10m series-A round in March.

In June 2019, Ornikar raised €35m in a series-B round led by Idinvest and new investor BPI France.

Company
Founded in 2014 and based in Nantes, Ornikar is a provider of an online driver education platform and training marketplace.

It recently started operating in Spain, and last year expanded into the car insurance market with the launch of Ornikar Assurance. The company has 200 employees, according to its LinkedIn page. 

People 
Ornikar – Benjamin Gaignault (co-founder, CEO). 
KKR – Patrick Devine (director); Lauriane Requena

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