Vimcar lands $13 million in Series B funding


Vimcar, a Berlin-based startup that is developing a SaaS/IoT solution for efficient fleet management, today announced their $13 million Series B round.

The financing round was led by Acton Capital with participation from existing investors Coparion, UVC Partners and Atlantic Labs. The company has previously raised about $7 million.

The fresh cash will be used to accelerate development, sales and marketing, to expand its product offerings, but also to explore entering new markets outside of Germany.