M&A Deal Summary

Otonomo Acquires The Floow

On February 28, 2022, Otonomo acquired internet software and services company The Floow for 107M USD

Acquisition Highlights
  • This is Otonomo’s 2nd transaction in the Internet Software and Services sector.
  • This is Otonomo’s largest (disclosed) transaction.
  • This is Otonomo’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-02-28
Target The Floow
Sector Internet Software and Services
Buyer(s) Otonomo
Deal Type Add-on Acquisition
Deal Value 107M USD

Target

The Floow

Sheffield, United Kingdom
website
The Floow is a SaaS provider of connected insurance technology for major carriers globally. The Floow was founded in 2012 and is based in Sheffield, London.

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Buyer(S) 1

Buyer

Otonomo

Herzliya, Israel

website

Category Company
Sector Information Technology
Revenue 2M USD (2021)
DESCRIPTION

Otonomo is a provider of a pioneering vehicle data platform and marketplace. Otonomo's platform securely ingests more than 4 billion data points per day globally from over 40 million vehicles licensed on the platform and massive amounts of mobility demand data from multimodal sources, then reshapes and enriches it, to accelerate time to market for new services that improve the mobility and transportation experience. Otonomo was founded in 2015 and is based in Herzliya, Israel.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Neura

Palo Alto, California, United States

Neura is an AI-powered Mobility Intelligence that provides transportation planners, EV service providers, MaaS providers, fleets and others, with the actionable multimodal and mobility insights required for the effective planning and operation of expedient and sustainable transportation networks. Neura was founded in 2013 and is based in Palo Alto, California.

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