Ornikar raises €100 million in Series C funding led by KKR
April 22nd, 2021.
Paris-based online, get-your-license-faster platform Ornikar has raised €100 million in its effort to become the global leader in road safety.
“Ornikar has done a tremendous job creating a great experience for students and driving instructors through engaging online education courses and a well-designed marketplace,” comments KKR Director Patrick Devine. “We are thrilled to invest behind Benjamin, Flavien, and their talented team as they expand internationally and accelerate their insurance offering following the successful launches of Onroad in Spain and Ornikar Assurance.”
Founded in 2013 by Alexandre Chartier and Benjamin Gaignault, Ornikar is the de-facto online driver education platform in France and is making rapid headway in Spain. In 2020 the firm saw 420,000 new users, grew as much as 30% per month, and to date has served over 1.5 million customers.
Ornikar raises $120M as its driving school marketplace goes up a gear with car insurance
A French startup that set out to bring a new approach to driver education and road safety, and then used that foothold to expand into the related area of car insurance, is today announcing a big round of funding to continue building its service across Europe.
Ornikar, which prepares people for driving tests by providing online drivers education courses, lets those users organize in-person lessons with driving instructors, provides a booking system for taking their written and practical examinations, and finally provides them with competitive rates for getting car insurance as new drivers, has raised €100 million ($120 million).
Press release content from Business Wire. The AP news staff was not involved in its creation.
Ornikar Raises €100m ($120m) in Series C Funding Led by KKR
April 22, 2021 GMT
PARIS (BUSINESS WIRE) Apr 22, 2021
Ornikar, a specialist in driver training and road awareness since 2013, today announced a €100 million ($120 million) round of Series C funding led by global investment firm KKR, which is making the investment primarily through its Next Generation Technology Growth Fund. Existing investors Idinvest, BPI, Elaia, Brighteye and H14 also contributed to Ornikar’s latest fundraise which will enable the company to accelerate its mission of becoming a global leader in road safety.