Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Milan-based MotorK offers digital & SaaS-based solutions to the automotive industry; raises €10M in equity and debt

Editorial team by Editorial team
September 28, 2020
in News, (Crowd)funding, Software & SaaS, Startups
0
Milan-based MotorK offers digital & SaaS-based solutions to the automotive industry; raises €10M in equity and debt
32
SHARES
LinkedInTwitterWhatsAppFacebook

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. 

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

The Milano-based startup recently announced senior hires, including the appointment of the Chief Growth Officer, the Chief Product Officer, and the Country Manager for the Spanish market.

Automotive sales and marketing technology

Founded in 2010 by three serial entrepreneurs – Fabio Gurgone, Marco De Michele, and Marco Marlia, MotorK develops and sells digital solutions and SaaS cloud products to automotive companies in Italy, Spain, France, Germany, and the United Kingdom. Currently, the company works with over 1,500 dealerships and 90% of the car manufacturers operating in the European market. 

MotorK has already developed and built a wide range of products for the automotive industry. 

  • DriveK –  A car marketplace in Europe and is addressed to the B2C market. 
  • DealerK – A SaaS platform for car dealers to bolster digitisation processes and improve sales. 
  • Internet Motors – A digital automotive event network in EMEA.

As a part of its 10th-anniversary celebrations, MotorK will reveal its flagship products, WebSparK; an automotive digital experience platform built to maximise lead generation, and LeadSparK; an integrated tool designed to manage leads and CRM activities.

Last year, in January, MotorK closed a €30M loan from the European Investment Bank (EIB) to support the company’s R&D activities and business growth. The funding from the EIB comes one and a half years after the company’s first round of Series A private equity investment worth $10M (nearly €8.59M) from 83North and Zobito.

Main image credits: MotorK

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: fundingSaaS
Share2Tweet8SendShare13

Partner content | Work with us

Future of coding: CTOs discuss low-code versus custom code software development for their business

Why now is the perfect time to start hiring for 2021

SaaS sales in 2021: 9 predictions from an industry expert

Diversity in hiring for SaaS: the often overlooked topic of ageism

Boost your scale-up’s growth by outsourcing to these top Eastern European software development companies

Subscribe to our daily newsletter

Check your inbox or spam folder to confirm your subscription.

Breaking news from Amsterdam | Partner

Amsterdam-based Creative Fabrica raises €5.76M Series A to change the way people consume digital assets

Here’s how Amsterdam-based Virtuagym helps gyms, fitness providers during lockdown

Amsterdam-based soft-skill scaleup Lepaya enters Sweden; here’s why

9 promising sustainable startups from Amsterdam to watch in 2021

Advertisement

Trending

Amsterdam
Amsterdam

9 promising sustainable startups from Amsterdam to watch in 2021

January 20, 2021
BUX
News

The crypto platform of Amsterdam fintech BUX witnesses “explosive growth” as Bitcoin remains popular

January 22, 2021
Dutch Scaleup
Amsterdam

Meet the 10 Dutch scaleups selected by Amsterdam-based Techleap.nl for Rise Programme 2021

January 20, 2021
  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info