VEACT Receives $3.0 million for Automotive Marketing Platform

VEACT Company Logo

VEACT GmbH announced on October 26, 2015 that it had received 2.75 million Euros in Series A from lead investor Seventure Partners under participation of UnternehmerTUM-Fonds and existing investors Senovo and KfW .

VEACT develops and sells a software platform for marketing in the automotive retail market. It develops predictive customer intelligence using all available data such as invoices, satisfaction surveys, and marketing campaign data.

The Company intends to invest the funds into sales and expansion in Europe. 380,000 dealerships and repair shops across Europe generating more than 170 billion Euros in aftersales revenues. VEACT more than doubled its customer base to over 500 dealerships within the last 12 months.