Venture • Information Technology

Prime Ventures Invests In AIMotive

On January 4, 2018, venture capital firm Prime Ventures invested in information technology company AIMotive

Investment Context

This is Prime Ventures’ 2nd transaction in the Information Technology sector.
This is Prime Ventures’ 1st transaction in Hungary.

Investment Fate

AIMotive was sold to a strategic buyer in 2022.
AIMotive was sold to a strategic buyer in 2022.

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Investment Summary
Date	January 4, 2018
Target	AIMotive
Sector	Information Technology
Investor(s)	Prime Ventures
Deal Type	Venture

Target Company

AIMotive

Budapest, Hungary

AIMotive is a provider of Artificial Intelligence (AI) powered self-driving technology. AIMotive designing AI software, which powers self-driving vehicles, resulting in better safety, improved comfort and increased productivity. AIMotive was founded in 2015 and is based in Budapest, Hungary.

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Investor Overview 1

Investor

Prime Ventures

Amsterdam, Netherlands

Investor Investor

Category	Venture Capital Firm
Founded	1999
PE ASSETS	750M EUR
Size	Middle-Market
Type	Sector Agnostic

DESCRIPTION

Prime Ventures is a venture capital and growth equity firm focusing on investing in European companies in the technology and related industries. Prime is based in Amsterdam with an additional office in Cambridge.

Deal Context for Investor	#
Overall	27 of 33
Sector: Information Technology	2 of 4
Type: Venture	15 of 19
Country: Hungary	1 of 1
Year: 2018	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-10-01	EatStreet Madison, Wisconsin, United States EatStreet is an independent online and mobile food ordering service in the U.S., offering 15,000 restaurants in more than 250 cities through its easy-to-use app and website. EatStreet was founded in 2010 and is based in Madison, Wisconsin.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2016-10-01

EatStreet

Madison, Wisconsin, United States

EatStreet is an independent online and mobile food ordering service in the U.S., offering 15,000 restaurants in more than 250 cities through its easy-to-use app and website. EatStreet was founded in 2010 and is based in Madison, Wisconsin.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-08-01	Mendix Boston, Massachusetts, United States Mendix, Inc. is the fastest and easiest platform to build and continuously improve mobile and web applications at scale. The only low-code platform available through SAP and IBM, we help our customers digitize their operations by building, managing, and improving apps at unprecedented speed and scale. More than 4,000 forward-thinking enterprises, including KLM, Philips and Royal DSM use our platform to build business applications to delight their customers and improve operational efficiency.	Sell	$730M

DATE

TARGET

DEAL TYPE

VALUE

2018-08-01

Mendix

Boston, Massachusetts, United States

Mendix, Inc. is the fastest and easiest platform to build and continuously improve mobile and web applications at scale. The only low-code platform available through SAP and IBM, we help our customers digitize their operations by building, managing, and improving apps at unprecedented speed and scale. More than 4,000 forward-thinking enterprises, including KLM, Philips and Royal DSM use our platform to build business applications to delight their customers and improve operational efficiency.

Sell

$730M

Explore Related M&A Activity

Information Technology M&A - Venture M&A Deals - Hungary M&A - 2018 M&A