About Opteven
Opteven is a company based in Villeurbanne (France) founded in 1985 was acquired by Apax in July 2022.. Opteven has raised $132.5 million across 1 funding round from investors including Apax Partners, CAPZA and Ardian. Opteven has completed 3 acquisitions, including Mapfre Asistencia France, Multi Parts and WMS Group. Opteven offers products and services including Garantie Commerciale, Extension de Garantie, Assistance Routiere, and Contrat d'Entretien. Opteven operates in a competitive market with competitors including TractEasy, MyBootlid, Ze Transporteur and MyFrenchDepanneur, among others.
- Headquarter Villeurbanne, France
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$132.5 M (USD)
in 1 rounds
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Latest Funding Round
$132.5 M (USD), Private Equity Round
Apr 30, 2014
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Investors
Apax Partners
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Mapfre Asistencia France
& 2 more
- Acquired by
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Products & Services of Opteven
Opteven offers a comprehensive portfolio of products and services, including Garantie Commerciale, Extension de Garantie, Assistance Routiere, and Contrat d'Entretien. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers mechanical failures for vehicles sold by professionals.
Extends coverage for mechanical issues in new or used vehicles.
Provides support for breakdowns, accidents, and mobility issues.
Offers tailored vehicle maintenance plans based on specific needs.
Funding Insights of Opteven
Opteven has successfully raised a total of $132.5M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $132.5 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $132.5M
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First Round
First Round
(30 Apr 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Private Equity Round - Opteven | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Opteven
Opteven has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Apax Partners, CAPZA and Ardian. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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CAPZA is recognized as a European private investment platform.
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Founded Year | Domain | Location | |
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Equity investments are focused on tech, services, and consumer sectors.
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Founded Year | Domain | Location | |
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Private investment firm specializing in markets and partnerships.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Opteven
Opteven has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Mapfre Asistencia France, Multi Parts and WMS Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of car, motorcycle & HGV warranty products
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2003 | ||||
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Manufacturer of replacement parts for passenger and commercial vehicles
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1998 | ||||
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Diversified insurance and reinsurance services are provided in France.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Opteven
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Opteven Comparisons
Competitors of Opteven
Opteven operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TractEasy, MyBootlid, Ze Transporteur and MyFrenchDepanneur, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers autonomous tow tractors for material handling in industrial and aviation sectors.
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| domain | founded_year | HQ Location |
An online platform connecting customers with reliable car repair service providers.
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| domain | founded_year | HQ Location |
Specializes in personalized transportation and convoying services for light vehicles.
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| domain | founded_year | HQ Location |
Provides an online platform for roadside assistance services to users in need.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Opteven
Frequently Asked Questions about Opteven
When was Opteven founded?
Opteven was founded in 1985 and raised its 1st funding round 29 years after it was founded.
Where is Opteven located?
Opteven is headquartered in Villeurbanne, France. It is registered at Villeurbanne, Auvergne-rhone-alpes, France.
Is Opteven a funded company?
Opteven is a funded company, having raised a total of $132.5M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $132.5M, raised on Apr 30, 2014.
What does Opteven do?
Opteven was founded in 1985 in Villeurbanne, France, within the automotive insurance sector. Roadside assistance and mechanical breakdown coverage are offered through partnerships with over 19 automakers, 8 financial institutions, and 2,000 dealers and repairers. Assistance activities are managed for insurance companies, with integration into the Aviva group currently in place. Operations emphasize reliable service delivery across Europe.
Who are the top competitors of Opteven?
Opteven's top competitors include TractEasy, MyBootlid and Ze Transporteur.
What products or services does Opteven offer?
Opteven offers Garantie Commerciale, Extension de Garantie, Assistance Routiere, and Contrat d'Entretien.
How many acquisitions has Opteven made?
Opteven has made 3 acquisitions, including Mapfre Asistencia France, Multi Parts, and WMS Group.
Who are Opteven's investors?
Opteven has 3 investors. Key investors include Apax Partners, CAPZA, and Ardian.
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