Omnetic Drives Forward with €100M Funding for European Expansion
February 21, 2024, 9:44 am
Location: United Kingdom, England, Westminster
Employees: 51-200
Founded date: 2013
Total raised: $0
Czech-founded Omnetic, a dealership management system, secures a €100M funding from Kartesia and CVI to fuel its growth and expansion across Europe.
Omnetic, a Czech-founded provider of digital tools for car dealerships, has successfully raised €100 million from investors Kartesia and CVI. This fresh injection of capital will be instrumental in driving the company's growth and expanding its presence across Europe.
Founded five years ago in the Czech Republic by Jakub Šulta, Pavel Svoreň, and Petr Kratochvíl, Omnetic is a dealership management system that focuses on digitizing the operations of car dealers, bazaars, and repair shops. Currently, the platform is utilized by dealers of 33 automobile, bus, and goods vehicle brands, as well as the four largest service networks.
In a competitive investment round organized by Wood & Company, Kartesia and CVI emerged as the top bidders, offering the most flexible capital solution. This strategic partnership is crucial as both investors operate in markets where Omnetic's future acquisition targets are located.
The funding round, led by Kartesia and CVI, will enable Omnetic to accelerate customer acquisition growth and expand its solutions to key European markets such as Poland, Germany, France, and the Benelux countries. Under the umbrella of the EAG Group, Omnetic currently operates in twelve European markets and aims to streamline automotive services for over 12,000 daily users.
CEO Jakub Šulta emphasizes the vast potential within the European automotive industry, highlighting the need for top-notch digital services across the entire car lifecycle. With the support of Kartesia and CVI, Omnetic is poised to revolutionize the way car dealerships operate and provide efficient, high-quality solutions to a wide range of automotive businesses.
As venture deals in the Czech Republic show signs of recovery in 2024, Omnetic's €100M funding round stands out as a significant milestone for the company and the region's tech ecosystem. With a strong focus on innovation and expansion, Omnetic is set to drive forward with its mission to transform the automotive industry through cutting-edge digital solutions.
Omnetic, a Czech-founded provider of digital tools for car dealerships, has successfully raised €100 million from investors Kartesia and CVI. This fresh injection of capital will be instrumental in driving the company's growth and expanding its presence across Europe.
Founded five years ago in the Czech Republic by Jakub Šulta, Pavel Svoreň, and Petr Kratochvíl, Omnetic is a dealership management system that focuses on digitizing the operations of car dealers, bazaars, and repair shops. Currently, the platform is utilized by dealers of 33 automobile, bus, and goods vehicle brands, as well as the four largest service networks.
In a competitive investment round organized by Wood & Company, Kartesia and CVI emerged as the top bidders, offering the most flexible capital solution. This strategic partnership is crucial as both investors operate in markets where Omnetic's future acquisition targets are located.
The funding round, led by Kartesia and CVI, will enable Omnetic to accelerate customer acquisition growth and expand its solutions to key European markets such as Poland, Germany, France, and the Benelux countries. Under the umbrella of the EAG Group, Omnetic currently operates in twelve European markets and aims to streamline automotive services for over 12,000 daily users.
CEO Jakub Šulta emphasizes the vast potential within the European automotive industry, highlighting the need for top-notch digital services across the entire car lifecycle. With the support of Kartesia and CVI, Omnetic is poised to revolutionize the way car dealerships operate and provide efficient, high-quality solutions to a wide range of automotive businesses.
As venture deals in the Czech Republic show signs of recovery in 2024, Omnetic's €100M funding round stands out as a significant milestone for the company and the region's tech ecosystem. With a strong focus on innovation and expansion, Omnetic is set to drive forward with its mission to transform the automotive industry through cutting-edge digital solutions.