Ornikar Raises $39.5 Million Series B to Expand Online Driving School Across Europe
BABY DRIVER: Ornikar, a Paris-based online driving school, has raised 35 million euros (about USD $39.52 million) in a Series B round from existing investors Idinvest Partners and Brighteye Ventures, and newcomer Bpifrance.
Founded in 2013, the company plans to use the money toward expansion in European countries outside its strongholds in France, Germany and Spain, according to a prepared statement. Orniar claims that it will reach 35 percent market share in France this year, has grown fourfold year over year, and is currently profitable. It has 550,000 users, according to its website, with over 800 new applicants registering a day.