Czech-founded Omnetic raises €100M from Kartesia and CVI

Omnetic, a Czech-founded provider of digital tools to boost car dealership, has raised €100 million from Kartesia and CVI. The fresh round will be used for its further growth and European expansion.

• Omnetic was founded five years ago in the Czech Republic by Jakub Šulta, Pavel Svoreň, and Petr Kratochvíl. Its parent company the EAG Group focuses on the digitization and consolidation of automotive services. Currently, the group operates in twelve European markets under the Omnetic brand.

• It is a dealership management system for automotive professionals. The platform focuses on digitizing the business of car dealers, bazaars, and car repair shops. Currently, its solutions are used by dealers of 33 automobile, bus and goods vehicle brands, as well as the four largest service networks.

In this investment round, which was organized by Wood & Company, four foreign bidders made it to the tender finals out of almost two dozen bidders. Kartesia and CVI offered the most flexible capital solution, moreover, they operate in the markets where our future acquisition targets are also located,

Petr Kratochvíl, investment director at Omnetic, commented.

• The investment round for Omnetic was led by the pan-European private equity fund Kartesia and the Central European and Poland-based debt fund CVI.

Omnetic intends to use the capital to facilitate further customers acquisition growth for its platform. The company also aims to expand its solutions to Poland, Germany, France, and the Benelux countries.