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.