Ashurst advised the Munich-based growth investor Acton Capital Partners on the B-financing round for Berlin-based connected car and fleet management start-up Vimcar.

Vimcar is a SaaS (software as a service) provider for fleet management software, which collected € 12 million from Acton Capital and the existing investors Coparion, UVC Partners and Atlantic Labs in the B-financing round. The financing will be used for the further growth of Vimcar by creating a one-stop fleet management solution for SME. Altogether, Vimcar has collected approximately € 18 million – which is significantly more than any other connected car start-up has gathered so far in Germany.

The Ashurst team was led by counsel Dr Benjamin Leuchten (Corporate/M&A, Munich). He was supported by partner Dr Andreas Mauroschat (Employment and Data Protection), counsel Juditha von der Heydt (Employment), senior associates François Maartens Heynike (IP/IT, all Frankfurt) and Felix Burkhart (Corporate/M&A, Munich) and associates Frank Weiß (Corporate/M&A, Munich) and Tjorven Dausend (Data Protection, Frankfurt).