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Automotive Autonomous Vehicles E-Commerce Europe

Carvolution Raises CHF15M in Series C Funding

– Carvolution is a Bannwil, Canton Bern, Switzerland-based car subscription company.
– The company raised CHF15m in Series C funding.
– The round was led by Francisco Fernandez, founder of the Avaloq Group, as well as Ringier Digital Ventures.
– The new investment will be used to advance product development, continue market expansion, and grow the team.

Source
Autonomous Vehicles FinTech Freight Service Insurance InsurTech Logistics North America Transportation

Trucking Insurer Koffie Labs Raises $4.5 Million

– Koffie Labs (Koffie), an insurtech focused on reinventing the trucking and transportation markets, today announced it has raised $4.5m in venture financing.
Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures.
– Trucking insurance is an essential component of the broader $800b trucking industry and the backbone of the US economy. With commercial auto rates consistently increasing over the last decade, there are few viable options for fleets.
– Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.

Source
Artificial Intelligence Autonomous Vehicles Computer Vision Internet North America Real Estate Software

LA-based Metropolis raises $41 million to upgrade parking infrastructure

– LA-based Metropolis raised $41m funding.
– The round was led by 3L and joined by Dragoneer, Starwood, RXR Realty, Dick Costolo and Adam Bain’s 01 Advisors, Slow Ventures, Dan Doctoroff, Baron Davis, and others.
– The company plans to upgrade parking infrastructure with a computer vision-based system that recognizes cars as they enter and leave garages.

Source
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