MotorK, an Italian company that offers various digital products to the automotive industry, has secured €10M in equity and debt to accelerate its growth in the post-COVID low touch economy. The round was led by Real Web while Illimity, the high-tech bank specialised in SME credit, is the sole provider for the debt facility. Existing investors Zobito and 83North also contributed to the round.
Aims to strengthen international team
The latest funding will allow the company to fast-track the release of new digital and technological tools that consolidates the wide marketing suite range of products and services already available to dealerships and manufacturers. A part of the funding will also help MotorK to strengthen the international team.