Milano-based automotive SaaS provider MotorK secures €3 million to bolster its financial position
MotorK, an AI-focused SaaS provider for the automotive retail sector based in Milan, has secured an additional €3 million in financing. The funding, provided by existing lender Atempo Growth, aims to bolster the company's financial standing and support general corporate purposes. This development underscores continued investment in European automotive tech and the growing importance of AI in digital sales and marketing. The new capital injection comes with similar terms to the original facility. Atempo Growth, a pan-European growth debt provider, has offices in London and Italy and announced the first close of €300 million toward its second Fund, Atempo II, in April 2025. MotorK, founded in 2010, develops integrated digital solutions, including SaaS cloud products, with its SparK platform integrating various functions within a single ecosystem. This funding will likely enable MotorK to further develop its digital solutions for automotive manufacturers and dealers. With operations in eight countries and nearly 310 employees, the company's expansion is expected to continue. This also reflects the broader trend of European tech companies securing capital to drive growth and compete in the global market. MotorK, listed on Euronext Amsterdam since November 2021 and ISO 27001 certified in November 2024, is actively growing. The company recently underwent leadership changes, and previously secured a reserved capital increase of €4.8 million.
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