About VEACT
VEACT is a company based in Munchen (Germany) founded in 2010.. VEACT has raised $3 million across 2 funding rounds from investors including UnternehmerTUM, KfW and FIDURA Private Equity Fonds. VEACT offers products and services including Automotive Marketing Platform and Veact DataHub. VEACT operates in a competitive market with competitors including Milwaukee Tool, MESSRING, Oppel Automobile, Hülpert Unternehmensgruppe and Hugo Pfohe, among others.
- Headquarter Munchen, Germany
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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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
$3 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
UnternehmerTUM
& 4 more
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Employee Count
Employee Count
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Products & Services of VEACT
VEACT offers a comprehensive portfolio of products and services, including Automotive Marketing Platform and Veact DataHub. 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.
Platform for data-driven customer engagement in automotive industry
Tool for invoice analysis and customer profile creation
Funding Insights of VEACT
VEACT has successfully raised a total of $3M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(26 Oct 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Seed - VEACT | Valuation | FIDURA |
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| Oct, 2015 | Amount | Series A - VEACT | Valuation | Seventure Partners |
| 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 VEACT
VEACT has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include UnternehmerTUM, KfW and FIDURA Private Equity Fonds. 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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Private equity investments in mid-sized German companies are managed.
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Founded Year | Domain | Location | |
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Tech & Life Sciences focused stage agnostic VC firm investing in Europe, Asia & the US
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Founded Year | Domain | Location | |
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Accelerator and VC firm focused on multiple sectors
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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 VEACT
| 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 |
Financial Statements - VEACT
| 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 |
Veact Comparisons
Competitors of VEACT
VEACT 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 Milwaukee Tool, MESSRING, Oppel Automobile, Hülpert Unternehmensgruppe and Hugo Pfohe, 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 |
Industrial tools are distributed online by Milwaukee Tool.
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| domain | founded_year | HQ Location |
Crash simulation test systems are supplied to the automotive industry.
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| domain | founded_year | HQ Location |
New and used vehicles are offered by the German dealership.
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| domain | founded_year | HQ Location |
Automobile dealership group offering a range of services including new and used car sales, financing, and after-sales services for various brands
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| domain | founded_year | HQ Location |
Provider of dealership services for new & used cars and selling parts & accessories for automotive vehicles
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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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Frequently Asked Questions about VEACT
When was VEACT founded?
VEACT was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is VEACT located?
VEACT is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is VEACT a funded company?
VEACT is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Oct 26, 2015.
What does VEACT do?
VEACT was founded in 2010 and is based in Munich, Germany. Dealership services focused on car sales are offered within the automotive sector. Operations involve supporting vehicle transactions through established dealership frameworks. The company is led by Managing Director Constantin Stammen. Activities are centered in Germany, with emphasis on efficient sales processes for various car models.
Who are the top competitors of VEACT?
VEACT's top competitors include Milwaukee Tool, MESSRING and Oppel Automobile.
What products or services does VEACT offer?
VEACT offers Automotive Marketing Platform and Veact DataHub.
Who are VEACT's investors?
VEACT has 5 investors. Key investors include UnternehmerTUM, KfW, FIDURA Private Equity Fonds, Seventure Partners, and Senovo.
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