VC fundraising for automotive software companies
Automotive software VC has rotated meaningfully since the 2021 peak. Capital has moved from headline autonomy bets toward software-defined vehicle platforms, OEM-aligned ADAS and infotainment, and the energy and charging stack - where contracted OEM programmes are the underwriting test. Generalists have largely exited; specialist mobility investors and a tight group of CVCs now do most of the deals.
Investors in this category are a mix of mobility-specialist VCs, growth funds focused on industrial and deep-tech software, and a small set of OEM and Tier 1 corporate venture arms that invest alongside their commercial programmes. Flow has direct relationships across the mobility-specialist funds and the OEM and Tier 1 CVCs that actually back automotive software.
Flow has experience running VC fundraising processes for automotive software companies across ADAS and autonomy, in-vehicle infotainment, vehicle data and telematics, EV charging, and dealer and aftermarket systems. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.
"Automotive software" KPIs VC investors look at
The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.
Design wins
Programme backlog
Per-vehicle royalty
SOP timing
Licence revenue
Services attach
OEM concentration
Connected vehicles
Gross margin
R&D / revenue
Automotive software valuations in May 2026
Public automotive software comps trade at 4.8x EV/Revenue. Median revenue multiple across automotive software VC rounds was 36x in the last 12 months.
4.8x
Median EV/Revenue as of May 2026 for public automotive software companies
7.1x
Autodesk is the highest valued public automotive software company based on EV/Revenue (excluding outliers)
2.8x
Median EV/Revenue across automotive software M&A deals in the last 12 months
36x
Median EV/Revenue across automotive software VC rounds in the last 12 months
Key recent automotive software VC rounds
$350M Undisclosed stage raised by Cambridge Mobile Telematics was the largest automotive software VC round completed in the last six months.
See all automotive software VC rounds| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Mar-26 | Cambridge Mobile Telematics |  | - | Allianz XState Farm+1 | $350M | - | Undisclosed stage | |
May-26 | SemiDrive |  | SemiDrive is a Nanjing-based developer of automotive processors for ADAS, autonomous driving, and smart cockpits. Its X9H series supports L2+ autonomy with 8-core ARM Cortex-A and NPU delivering 4 TOPS, manufactured on SMIC 16nm. The company supplies chips to Chinese OEMs like Great Wall Motor and BYD for domain controllers. | Beijing Advanced Manufacturing fundBeijing E-town International Investment & Development+4 | $100M | - | Series C | |
Jan-26 | Runxin Micro Technology | | Runxin Micro Technology is a Shenzhen-based automotive tech provider delivering software-defined vehicle solutions encompassing IoT platforms, OS frameworks, AI algorithms, and integrated chip designs. | Chongqing Changjia Zongheng Private Equity Investment Fund ManagementHengxu Capital+2 | $58M | - | Series B | |
Jan-26 | AutoGrab |  | AutoGrab is a vehicle software provider assisting car dealerships, finance firms, and insurance providers with digital tools for sales, inventory management, and customer engagement in Australia. | EVPMovac+3 | $56M | $163M | Series B | |
Mar-26 | Euler Motors |  | - | Blume VenturesHeroMotoCorp+1 | $48M | - | Series E | |
Feb-26 | Ever | | Ever is a San Francisco-headquartered AI-driven automotive platform that streamlines vehicle purchasing with instant offers and dealership matching. The service uses machine learning to appraise used cars from VIN scans and buyer profiles, facilitating transactions with 1,000+ dealers nationwide. Backed by investors like Khosla Ventures, Ever employs alumni from Tesla and Uber to handle financing and delivery logistics. | Eclipse VenturesIbex Investors+4 | $31M | - | Series A | |
Apr-26 | Yitu Technology | | Yitu Technology provides smart car middleware platforms, SOA communication frameworks for vehicles, and related development services. | Dening CapitalSAIF Investment Fund+2 | $15M | - | Series A | |
Jan-26 | Design and Practice |  | Chazm is a Seoul-based platform that manages vehicle contract lifecycles, from onboarding and operations to returns and optimization, leveraging real-time data for efficiency and transparency. | FuturePlayKB Investment+4 | $10M | - | Series A | |
Dec-25 | GINT | | GINT develops control systems for tractors and construction equipment, including transmission and hydraulic control units, telematics gateways, and autonomous driving modules. South Korea-based, it partners with Tongyang Moolsan, Daedong Industrial, and SK Telecom to deliver reliable electronics bridging gaps for emerging manufacturers against leaders like John Deere and Case IH. GINT's solutions enable precision agriculture and unmanned operations. | Bilanx InvestmentKorea Development Bank+3 | $10M | - | Series C | |
Jan-26 | Sibros | | Sibros is a Silicon Valley-based automotive software platform unifying data collection, OTA updates, and diagnostics for software-defined vehicles. The Deep Connected Car system complies with ISO 26262 safety standards and GDPR privacy, deployable on EVs, trucks, and two-wheelers. Sibros partners with OEMs like VinFast for fleet management. Founded in 2021, it raised $60 million and operates testbeds in China and the U.S. | Niterra Ventures | $9.0M | - | Undisclosed stage | |
Jan-26 | Brum |  | Brum is a provider of vehicle driving training courses alongside digital solutions for obtaining driving licenses. | Italian Founders Fund | $5.9M | - | Seed | |
Feb-26 | Predictive Horizons | | Predictive Horizons is an AI-driven platform delivering vehicle prognostics to enhance fleet performance and reliability. | - | $3.5M | - | Seed | |
Dec-25 | Eye-Net Mobile |  | Eye-Net Mobile is a Ness Ziona, Israel-based provider of V2X cellular accident prevention using smartphones. Launched as a standalone in 2018 from Foresight Automotive, Eye-Net delivers real-time alerts to drivers, pedestrians, cyclists, and scooter users via existing networks. Its algorithms adjust for latency across 4G and 5G. Deployed in Europe and Israel, it complements ADAS for non-line-of-sight protection. | - | $3.0M | $55M | Undisclosed stage | |
Feb-26 | CarGenie |  | - | Black Iris Angel Networknumu Angels Investment Community+2 | $1.2M | - | Seed | |
May-26 | MOTO | | MOTO is a software development company that builds mobile-friendly trade-in experiences for automotive dealers and sends value-tracking emails. | - | $800K | - | Seed |
VC investors active in automotive software
Y Combinator is the most active VC investor across automotive software, having invested in 9 startups in the last three years.
See all automotive software VCs| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | RevionAutoAceMOVEdot+2 | 9 | Pre-seed | |
Automotive Ventures | | Automotive Ventures is a Los Angeles-based venture capital firm investing in early-stage mobility and automotive technology companies. The fund targets startups in electric vehicles, autonomous driving, and supply chain software, providing guidance from operators with Tesla and Uber experience. Its network facilitates pilots with OEMs like Ford and GM. Portfolio includes battery management systems and fleet optimization platforms. Founded in 2020, the firm closed a $50 million debut fund. | SparkServEpicEvenFlow AI+2 | 5 | Seed | |
fm Capital | | fm Capital is a venture capital firm investing in early and growth-stage auto-mobility disruptors including electric vehicles, autonomous tech, and shared mobility. Detroit-headquartered, it manages a portfolio of 20 companies since 2012, with focus on Series A to C rounds in North America and Europe. | EpicEvenFlow AIViaduct+1 | 4 | Series A | |
Techstars | | Techstars is a Boulder-headquartered global network founded in 2006 that operates over 50 accelerators annually across 15 countries. It invests $120,000 in exchange for 6 percent equity in 500 startups yearly, spanning AI, sustainability, and healthcare. The firm manages a venture fund deploying capital into alumni companies and runs corporate partnerships with brands like Amazon and Barclays for innovation pilots. Techstars portfolio exceeds 3,500 companies valued over $15 billion collectively. | RevMatchImmerceTorque360+2 | 4 | Pre-seed | |
Maki.vc |  | Maki.vc is a venture capital firm headquartered in Stockholm focusing on early-stage deep tech and brand-driven companies from pre-seed to Series A. Operating primarily from the Nordics with global reach, it invests in B2B and B2C ventures featuring strong intellectual property and unconventional customer insights. The firm draws on its partners' experience scaling prominent tech companies in the region. | EverTrackSightsMetaktik+1 | 3 | Pre-seed | |
Indaco Venture Partners | | Indaco Venture Partners SGR is a Milan-headquartered Italian venture capital firm founded in 2018, specializing in growth-stage companies in electronics, robotics, medtech, digital technologies, and new materials. It invests in Italian teams with proprietary innovations across Europe, USA, Canada, and Israel. | Easy RainNewcleoIama Therapeutics+1 | 3 | Seed | |
Blume Ventures | | Blume Ventures is a Mumbai-headquartered venture capital firm funding pre-seed and seed-stage tech-enabled startups in India. It invests in sectors like fintech, edtech, and consumer internet, with follow-on rounds for portfolio companies including GreyOrange for robotics and Turtlemint for insurance. | Euler MotorsNivāsa FinanceSwishX+2 | 3 | Series C | |
British International Investment |  | British International Investment is a London-headquartered development finance institution wholly owned by the UK Government. It deploys equity and debt into infrastructure, renewable energy, agribusiness, and financial services across Africa and South Asia. BII manages a portfolio exceeding investments in over 100 companies to foster sustainable economic development. | Euler MotorsDodaiEcofy+2 | 3 | Series C | |
Shorooq Partners |  | - | Design and PracticeOctaneAumet+2 | 2 | Seed | |
Joint Effects | | Joint Effects is a San Francisco-headquartered venture capital firm investing in early-stage technology startups. Focused on seed and Series A rounds since 2018, it supports founders in software, fintech, and climate tech with initial checks ranging from $500,000 to $2 million. Joint Effects maintains a portfolio of 15 companies including API platforms and sustainable materials developers, leveraging networks in Silicon Valley and Southeast Asia. | EverInvenSentora+1 | 2 | Seed |
Founders and investors we've worked with
We've supported winning builders across automotive software and beyond.
Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
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Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
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Picus Security
We advised PE firm Turkven on its $24m Series B investment into Picus Security, an Istanbul-based breach and attack simulation (BAS) cybersecurity platform.
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sevDesk
We advised New York-based crossover investor Arena Holdings on its €50m growth investment into sevDesk, a leading German cloud-native accounting platform for SMEs and freelancers.
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Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
See moreRecent VC fundraising track record
See our VC fundraising experience across automotive software and beyond.
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