Greenfield says that even while Automotive Ventures formally declared the start of its fund these days, the firm has been actively investing due to the fact its initially close in December 2020 and is honored to title the adhering to businesses in its latest portfolio: Algodriven, Automobile Funds, HopDrive, Financial institution Compliance Technologies, RoboTire, SparkCharge, and WarrCloud.
“It can be an intriguing time to be in the automotive area, to say the the very least,” reported Justin Charbonneau, Automotive Ventures Senior Enterprise Affiliate. “We believe that the sector is at an inflection place and on the cusp of massive improve. We are excited and humbled to engage in a smaller element to assistance usher in the subsequent wave of technological innovation in the business by funding the founders who are creating transformational automotive technologies businesses.”
“We’re proudly positioned in Atlanta, Ga and really like meeting founders in our yard,” mentioned Greenfield. “That said, in conditions of our expenditure approach, we system to be geographically agnostic and will look at offers throughout the world, despite the fact that we foresee that most of our investments will be created in U.S.-dependent corporations.”
About Automotive Ventures
Automotive Ventures was launched in 2014 by Steve Greenfield, an marketplace skilled on mergers, acquisitions, method, and money raises.
Designed to give the trusted resource Steve wished he had as an entrepreneur and investor, Automotive Ventures harnesses the information and instinct that will come from Steve’s 20+ a long time of automotive knowledge with roles at Manheim, AutoTrader.com, CarLingo, and TrueCar oversight of more than $1 billion in acquisitions and negotiation of hundreds of automotive software and facts agreements.
Automotive Ventures engages a team of market industry experts as workers, advisors, and buyers.
About Automotive Ventures Fund I
Automotive Ventures Fund I focuses on regions across automotive – and mobility additional broadly – including the digitalization of dealerships, electrification, car connectivity, autonomy, and shared mobility. On top of that, it funds startups with a extensive array of unique enterprise models, from B2B SaaS and info companies, to marketplaces and even components businesses.
Automotive Ventures aims to devote in the really early levels of a company’s journey, most commonly in the seed or pre-seed round, but sometimes its first expenditure may possibly be in the Series A. Automotive Ventures anticipates that it will frequently be the to start with “institutional” investor in a startup, with investments along with angel traders and even “buddies and relatives.”
Source Automotive Ventures