DC Connected Car Closes €2.1M in Seed Round

DC Connected Car Closes €2.1M in Seed Round

DC Connected Car, a Leibi, Germany-based company specializing in AI-driven remote vehicle diagnostics, haS closed a €2.1 million seed funding round.

The funding round was led by Insurtech fund VENPACE, with notable contributions from Borusan Ventures, Atlas Ventures, Network.VC, and existing investors APX, Bloomhaus Ventures, and Business Angels.

VENPACE, an investor with expertise in the insurance sector, supports startups in scaling innovative solutions sustainably. Partnering with entities throughout the DACH region, VENPACE addresses challenges in the insurance industry by developing and establishing new business models.

The company will use the funding to accelerate its international expansion and develop advanced diagnostic tools for roadside assistance, warranty, and repair.

Founded in 2020, DC Connected Car offers a virtual technician platform designed to tackle modern vehicle complexities and the shortage of skilled labor in the automotive industry. By leveraging advanced AI technology, the company provides automated, intelligent diagnostics and real-time insights into vehicle health.

Funding Details

Company: DC Connected Car GmbH

Raised: €2.1M

Round: Seed Round

Funding Month: August 2024

Lead Investor: VENPACE

Additional Investors: Borusan Ventures, Atlas Ventures, Network.VC, APX, Bloomhaus Ventures, Business Angels

Company Website: https://www.dc-connected.de/

Software Category: Vehicle Diagnostics