Series C: USD 38 million for AImotive software for autonomous driving

Buda­pest (Hungary) / Berlin — Sabine Röth and Clemens Waitz of Vogel Heerma Waitz advi­sed AImo­tive, based in Buda­pest, on a USD 38 million / EUR 32 million Series C finan­cing round. The finan­cing round was led by B Capi­tal Group and Prime Ventures. Cisco Invest­ments, Samsung Cata­lyst Fund, and Series A and Series B inves­tors Robert Bosch Venture Capi­tal, Inven­ture, Draper Asso­cia­tes and Day One Capi­tal also parti­ci­pa­ted. AImo­tive, active in Auto­no­mous Driving Tech­no­logy, will use the new capi­tal to further deve­lop its proprie­tary auto­no­mous driving tech­no­logy, which is prima­rily based on conven­tio­nally available came­ras combi­ned with arti­fi­cial intel­li­gence image processing.

Advi­sors to AImo­tive: Vogel Heerma Waitz
Sabine Röth (Part­ner)
Dr. Clemens Waitz (Part­ner)

About­Vo­gel Heerma Waitz
Vogel Heerma Waitz is a Berlin-based law firm specia­li­zing in growth capi­tal, tech­no­logy and media that has been in opera­tion since May 2014 and can draw on a total of more than 40 years of expe­ri­ence of its part­ners and staff in connec­tion with growth capi­tal financings.

About B Capi­tal Group
B Capi­tal Group is a global venture capi­tal firm that invests in pionee­ring indus­trial logi­stics, health­care, fintech and consu­mer enablem­ent compa­nies that are primed to scale across the global stage. Foun­ded in part­ner­ship with The Boston Consul­ting Group, B Capi­tal Group deli­vers unique access to top corpo­ra­ti­ons to match cutting-edge start-ups with the world’s leading CEOs, plat­forms, and brands. www.bcapgroup.com.

About Prime Ventures
Prime Ventures is a leading venture capi­tal and growth equity firm focu­sing on inves­t­ing in high growth Euro­pean tech­no­logy compa­nies. The firm lever­a­ges its capi­tal, expe­ri­ence and network to actively guide its port­fo­lio to become global cate­gory leaders. From its offices in The Nether­lands and the UK the inde­pen­dent part­ner­ship mana­ges over 500 million euro in commit­ted capi­tal. www.primeventures.com.