Prague-based International Automotive Group, a B2B e-commerce platform and distribution agent for spare parts in the automotive aftermarket, has secured €5M in funding led by Jet Investment Group.
Based out of Brno, Jet Venture is a venture capital fund investing in innovative technology startups with high growth potential.
IAG is Jet Investment’s second venture capital investment, previously backing the startup Partory.
For these investments, Jet Investment established the Jet Venture 1 fund in October 2024, focusing on innovative businesses with the potential to transform traditional industries with advanced technologies.
Kamil Levinsky, Executive Director of Jet Ventures, says, “We are excited to support the IAG team and its innovative strategy. We believe that their e-commerce platform and focus on efficient distribution will allow them to fully exploit the potential of the European market. This investment fits perfectly with our strategy of supporting fast-growing B2B technology companies with strong market potential and a product that precisely matches customer requirements.”
Out of the total, Jet Investment is providing €2.4M of the total amount, with additional co-investors Venture to Future Fund with €1.6M, and founding investor Josef Koller contributing €1M.
The funds will support IAG’s expansion into the European automotive aftermarket, expanding e-catalog services, and streamlining logistics and invoicing processes.
International Automotive Group: Optimising supply chain for spare parts
International Automotive Group (IAG) focuses on optimising the supply chain of spare parts for garages through a dedicated digital platform.
The company offers an e-catalogue for B2B clients (car repair shops) and a set of tools (ERP, CRM, BI) to facilitate the provision of logistics and invoicing services and business development for franchise partners.
Between 2022 and 2024, the Czech company increased its revenue more than fivefold.
The company is already active in the Czech Republic, Slovakia, Poland, Hungary, Latvia, and Croatia.
Kamil Levinsky, Executive Director of Jet Ventures, says, “We are excited to support the IAG team and its innovative strategy. We believe that their e-commerce platform and focus on efficient distribution will allow them to fully exploit the potential of the European market. This investment fits perfectly with our strategy of supporting fast-growing B2B technology companies with strong market potential and a product that precisely matches customer requirements.”
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