O’Melveny advised venture capital firm Autotech Ventures as it led the latest round of financing for Digital Motors, an automotive retail and financial technology company.In this round, Digital Motors raised an undisclosed amount of funding from multiple investors including Autotech Ventures as well as Jaguar, Land Rover’s London-based InMotion Ventures, OpenRoad Auto Group, Maryann Keller, and Ryan Kerrigan, Managing Director of Kerrigan Advisors investors. The funds will be used to finance Digital Motors growth strategy.
Autotech Ventures manages over USD200 million focused on the $3 trillion ground transportation sector. It provides startups with capital, ground transportation market intelligence, and access to its transportation sector network, which includes corporate investors representing a global market capitalisation of over USD500 billion. Digital Motors operates a digital retailing platform and intelligent FinTech configuration engine, enabling car dealerships to transact with their customers online.
O’Melveny Corporate Department Co-Chair Warren Lazarow and Corporate partner Brian Covotta advised Autotech Ventures on this transaction.
