# Amodo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amodo

- Industry: Business Support Services
- Headquarters: Zagreb, Croatia
- Website: www.amodo.eu
- Total disclosed funding: $3M
- Latest round: Series A (May 11, 2020)
- Investors on record: 2

## About

Amodo provides advanced telematics solutions focusing on improving road safety through innovative AI-driven technology. Its platform collects and analyzes driving data to enhance insurance offerings and promote safer driving behavior.Amodo is a telematics company founded in 2013 and headquartered in Zagreb, Croatia. The company specializes in providing data-driven solutions for the insurance and mobility sectors. In March 2023, Cambridge Mobile Telematics Inc. acquired Amodo as part of its strategy to accelerate global expansion. Amodo's CEO, Heidi De Pourcq, has a background in leading technology initiatives, contributing to the company's growth and strategic direction.Amodo's primary offering is its telematics platform that integrates with various IoT devices to collect real-time driving data. This platform helps insurers implement usage-based insurance (UBI) programs and supports fleet operators in improving driver safety. The insights gained from the platform empower clients to create personalized insurance products and enhance road safety initiatives.Amodo generates revenue through partnerships and subscription-based models, specifically catering to insurers and mobility companies. The platform facilitates the development of tailored UBI products, allowing insurance firms to offer improved risk assessment and claims management. This transactional revenue structure is driven by B2B engagements, where clients leverage the platform to access valuable data analytics.Following the acquisition in March 2023, Amodo plans to utilize the recent funding of USD 3.000 mn to further expand its offerings and penetrate new markets. The strategy includes launching upgraded telematics products designed to enhance user experience and safety features. The company is also targeting expansion into North America and continental Europe to strengthen its market presence, with an emphasis on enhancing its partnerships with insurers further.

## Funding rounds

- Series A, May 11, 2020, $3M — Lead Ventures
- Seed, Nov 1, 2015, $0M — Alchemist Accelerator

## Investors

- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Seed
- Lead Ventures (https://capitalatlas.ai/funds/lead-ventures) — Series A