Investment Summary

Prime Ventures Invests In AIMotive

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

Investment Highlights
  • 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.

Investment Summary

Date 2018-01-04
Target AIMotive
Sector Information Technology
Investor(s) Prime Ventures
Deal Type Venture

Target

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(S) 1

Investor

Prime Ventures

Amsterdam, Netherlands

Investor Investor Investor 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 STATS #
Overall 27 of 33
Sector: Information Technology M&A 2 of 4
Type: Venture M&A Deals 15 of 19
Country: Hungary M&A 1 of 1
Year: 2018 M&A 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 -
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