AutoGrab, the Melbourne-founded automotive data intelligence platform, has completed an A$80 million Series B capital raise, valuing the company at A$230 million. The funding will accelerate AutoGrab's expansion across the UK and Europe while deepening its position in Australia and the Asia-Pacific region.
The raise was led by Octopus Ventures (UK) and Movac (New Zealand) and includes Premier Capital Partners and existing investors EVP and Ten13. AutoGrab was advised by Barrenjoey, Danaher Moulton and Baker McKenzie.
The raise marks a significant milestone in AutoGrab's evolution from Australian start-up to global automotive data platform. AutoGrab provides vehicle valuations, sourcing, and analytics for dealerships, insurers, fleet managers, and financial institutions.
The platform answers the three questions that underpin every transaction in the automotive ecosystem: What exactly is this vehicle? What is it worth right now? And where is that value heading? Through proprietary data, AI-powered analytics, and comprehensive market intelligence, AutoGrab delivers answers in seconds that the industry has historically taken days – or guesswork – to reach.
Australian success powers global expansion
AutoGrab has built a strong position in Australia that builds growth in global markets. The platform serves more than 1,000 dealerships – representing nearly a quarter of the national market. More than 90 per cent of Australian motor insurers rely on AutoGrab data for total loss settlements, making the company essential infrastructure for the nation's $12 billion motor insurance industry.
The company recently partnered with the Commonwealth Bank of Australia to help consumers navigate the country's competitive car-buying market. The initiative brings dealer-grade data and AI-driven comparison tools – previously reserved for industry participants – directly to everyday buyers, significantly expanding access to new and used vehicle inventory for over 10 million retail banking customers.
International revenue now represents a significant portion of the business, driven by co-founder Chris Gardner's relocation to London to lead the European expansion. Australian operations led by co-founder Daniel Werzberger have shown category leading growth with significant additional investment planned in local product development, engineering, and customer success teams.
AutoGrab's global expansion includes an exclusive strategic partnership with JATO Dynamics, the world's leading provider of automotive data and intelligence.
Daniel Werzberger, Co-Founder and Co-CEO of AutoGrab, said structural changes in the global automotive market are driving demand for more sophisticated data and tooling.
“The globalisation and increasing complexity of the automotive market, combined with the rapid growth of online sales, requires world-class automotive intelligence and online tooling to optimise the sales journey,” Werzberger said.
“The influx of Chinese brands and EVs into global markets is just one of many complex challenges we are solving for customers.”
Werzberger said the company is scaling internationally while continuing to invest heavily in its core market.
“While we are aggressively expanding overseas, Australia remains an enormous focus for us as our home market, our largest customer base, and where we continue to invest heavily in product, data and relationships,” he said.
He said AutoGrab’s scale and AI capability underpin its growth strategy.
“AutoGrab is now used by more than 1,000 dealerships, and our AI engine, Automate, turns processes that once took hours into seconds, with greater accuracy and confidence,” Mr Werzberger said.
Chris Gardner, co-founder and co-CEO of AutoGrab, said the UK insurance sector is particularly well suited to AutoGrab’s data capabilities.
"The industry is experiencing its greatest transformation in decades. Rising costs, new entrants, and an explosion of vehicle configurations have made historical data unreliable. Granularity, accuracy and vehicle level intelligence are the new competitive advantage,” he said.
“The UK insurance market is highly sophisticated, but it still faces a fundamental challenge accurately identifying a vehicle.
“AutoGrab has built a unique data capability that allows insurers to correctly identify a car down to the exact variant, specification and market context, in seconds.”
Gardner said poor vehicle identification has historically driven inefficiency and cost across the insurance sector.
“For years, insurers have relied on partial data, manual processes and assumptions,” he said.
“Our platform removes that ambiguity by clearly defining what a car actually is, and therefore what it is truly worth before an accident occurs.”
“As we scale across the UK and Europe, the strength and accuracy of our data continue to be a defining advantage.”
Adam Said, principal investor at Octopus Ventures believes AutoGrab’s momentum in the UK over the past year was a standout factor in our decision to co-lead this round.
“The team has secured strong traction with strategic partners, built a growing early base of committed customers, and shown that the UK market shares the same dynamics that enabled their rapid scale in Australia,” he said.
“Combined with the Daniel and Chris’s strengths as highly commercial, customer-focused founders, we’re excited to back AutoGrab alongside Movac, EVP and others, as the business enters this next phase of growth and expansion.”
Fi Foster, partner at Movac Venture Capital explained that AutoGrab immediately stood out to us for its sophisticated data platform play.
“Its ability to provide genuine value across multiple verticals, products and geographies gives the company a rare set of levers to drive growth,” she said.
“They have also demonstrated top-tier capital efficiency without sacrificing strong growth. We really value that maturity – knowing how to build sustainably and knowing when to raise capital to accelerate. AutoGrab is now well-positioned to take on this additional funding and drive the next stage of growth.
“We are delighted to partner with co-founders Daniel and Chris, who are compelling, commercially minded leaders with a proven track record of executing a multifaceted strategy. We also look forward to co-investing alongside the team at Octopus Ventures – a high-calibre global fund that shares our conviction in the AutoGrab opportunity.”