Hi
,
Here are the past week's AutoTech and Mobility transactions. For a more detailed monthly recap, check out our
. Enjoy!
Last Week's Auto-Tech Transactions:
Dealer Tech & Vehicle Commerce:
F&I platform
announced an $85 million financing from investors that included Santander Consumer USA, and joined by Crosslink Capital and Silicon Valley Bank parent company SVB Financial Group. (
)
, a software solutions provider in helping dealers list cars, has secured a €7 million ($7.7 million U.S.) seed investment led by Adevinta Ventures, the investment arm of the marketplace giant. (
)
Wolters Kluwer has signed an agreement with The Reynolds and Reynolds Company to acquire
, for an estimated $70 million in cash—where IDS will become an essential component of GRC’s Compliance Solutions business. (
)
Shared Mobility & Subscription:
, a company that makes the process of finding a truck (or van) nearby easy, reserve it through the app, walk up and unlock it from your phone, announced that it has raised $3.5 million. (
)
Multimodal shared mobility company
has entered into a strategic investment agreement with global mobility group Astara. The investment will see ASTARA invest $5 million in the company and will come as part of a pre-IPO round. It follows an investment of $6 million that was raised from its existing investors. (
)
Autonomy:
Intel Corporation said Monday its
autonomous vehicle technology unit has confidentially filed paperwork for an initial public offering in the United States, which could value it at more than $50 billion. (
)
said its valuation has surged to $8.5 billion after the first close of its Series D funding round, a sign that investors continue to chase a space where mass deployment of autonomous fleets are still years away. (
)
Autonomous driving truck startup
Inc has raised a $188 million funding round led by Sequoia Capital China and Legend Capital君联资本, the investment arm of Lenovo’s parent company. (
)
Many thanks,
Steve Greenfield
678.576.9972
