news July 7th, 2016 ASV adds a new investment in its early
Transcrição
news July 7th, 2016 ASV adds a new investment in its early
AXA STRATEGIC VENTURES PRESS RELEASE PARIS, 7 JULY 2016 AXA Strategic Ventures invests in Autolina.ch AG, a car trading platform in Switzerland. AXA Strategic Ventures (ASV) adds today a new company in its Early Stage portfolio in Europe: Autolina.ch, a Swiss start-up that developed an automated B2B, B2C and C2B technology dedicated to car dealers. The investment will allow Autolina.ch to develop new products and services as part of a mobility ecosystem and accelerate its commercial development in Switzerland and outside of its domestic market. There are approximately 1 million cars advertised, bought and sold in Switzerland every year. 70% to 80% of them are sold or procured online, making Internet the most used sales channel. AXA Winterthur wants to position itself on this market by creating a major mobility ecosystem. Autolina.ch AG, founded in 2015 in Switzerland, is one of the first strategic partners to build this ecosystem. Indeed, the founders of the company have been in this business for many years and have built a strong network in this country. Moreover, the online platform is a significant lead generator as it generates high user traffic. It offers at this stage four types of services: a B2C marketplace on which car dealers can sell the exact type of cars desired by the customer; a C2B business through which individual customers can sell their car to car dealers on an auction basis; a B2B exchange market to ease the exchanges between car dealers; a job marketplace on which car dealers can post their job offers. Part of the funds will be allocated to extend Autolina’s activities. The platform is an important pillar to build the future ecosystem. Besides that, autolina.ch as a cooperation partner is involved in building and operating the new “DriveAgain” service. It is an online garage service, which provides quotes for repairs based on specification put in by the customer. DriveAgain is a good opportunity to ease the process for customers but also lower the cost of auto repair and car insurance. “Following last year's successful market launch of Autolina.ch, our next goals are to achieve a lasting market presence in Switzerland in addition to expanding abroad. The investment by AXA Strategic Ventures offers us valuable support in implementing these plans, commented Ibrahim Yildiz, CEO Autolina.ch. We are convinced that, with AXA Group, we have found the right partner, and we are looking forward to working together to further develop Autolina.ch.” 1 “We mainly want to invest in Autolina.ch in order to develop a build-up around car ecosystems in services that we can scale outside Switzerland throughout Europe, said Minh Q.Tran, General Partner, AXA Strategic Ventures. We also look for startups dealing with garage owners, spare parts, telematics, … Autolina.ch represents for us the perfect platform to grow other services. ” About Autolina.ch AG Autolina.ch was founded in 2015. Specialized in car trading, the platform gives car dealers the possibility to sell and buy vehicles. Benefiting from a good network in Switzerland, it eases the car selling or exchange processes and can provide adequate specialists in automobile business. Autolina.ch carries online vehicle advertisements offering exclusive functions. From its current total of 115,000 ads, Autolina.ch aims to become the biggest portal for vehicle advertisements within the next 12 months. For more information: www.autolina.ch, / contact : [email protected] ABOUT AXA STRATEGIC VENTURES AXA Strategic Ventures (ASV) is the venture capital business of AXA, the leading global insurer. ASV has a €230m fund and can invest up to €15m ($17m) equity across both seed and growth capital. Sectors of focus are those relevant to the insurance and asset management industries such as enterprise technologies, fintech as well as consumer technologies and marketplaces in travel, health, auto or property related businesses. North America, Europe and the Middle East are the initial focus geographies with local teams in San Francisco, New York, London and Paris. More information about AXA Strategic Ventures: http://www.axastrategicventures.com and https://www.youtube.com/watch?v=zsxI0JKQJnk THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE www.axa.com AXA Strategic Ventures: Sébastien Loubry: [email protected] IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to the section “Cautionary statements” in page 2 of AXA’s Document de Référence for the year ended December 31, 2014, for a description of certain important factors, risks and uncertainties that may affect AXA’s business. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. 2