Backing an automotive startup success story
Co-founder and CEO – Daniel Werzberger.
The right investment partners bring more than capital. That’s why we co-led AutoGrab's Series B alongside a UK venture partner, backing their next phase of growth with all the networks and experience needed to scale internationally.
The story of AutoGrab
AutoGrab is an automotive intelligence platform, based in Australia, that provides real-time data and insights to dealers, insurers, lenders, and fleet operators. The platform offers a suite of products to these verticals, including live pricing, vehicle sourcing, inventory management, pre-accident valuations, and fleet management.
The solution
The company’s differentiation stems from its powerful data aggregation and matching platform that ingests vast, real-time datastreams from market sources.
This data can then be productised and plugged into crucial workflows across multiple verticals. This platform approach creates numerous levers for the business to drive growth.
The investment case
AutoGrab has demonstrated top-tier capital efficiency without sacrificing growth. The business stacks up very well across our investment criteria, with strong momentum, a significant and expanding market opportunity and a compounding moat. The business has also built a well-known and credible brand in target markets.
Co-founders, Daniel and Chris, are compelling, commercially-minded leaders who have executed well on their multifaceted growth strategy (multi-product, multi-vertical, multi-geography), to create a true platform play.
The company is well-positioned to take on this new capital, providing fuel for expansion into the UK and Europe, while continuing to drive growth in home markets.
Final thoughts
Movac’s ability to secure a co-lead position in this highly competitive process reinforces our standing not only as a preferred investor in New Zealand but also as a preferred investor in ANZ more broadly. I was pleased to lead the deal and excited to be taking a Board Director role as part of the investment. I’m delighted to be working alongside a top tier team on this next stage of their journey.
Written by:
Fi Foster, Partner