Veact
Latest round
- Series B
Last raised
- Sep 2018
Total raised
- $3.1M
Investors
- 7
About Veact
Veact GmbH was founded in 2010 and is headquartered in Munich, Germany. The company focuses on delivering specialized marketing solutions tailored to the automotive sector. The founder, Philip Junge, has a history in entrepreneurship although specific previous ventures are not disclosed.Veact specializes in providing a comprehensive automotive marketing platform designed to enhance customer lifecycle management for Original Equipment Manufacturers (OEMs), National Sales Companies (NSCs), dealership groups, and local dealerships. Their core offerings include tools for lead management, customer loyalty, targeted marketing campaigns, and digital communication. These products facilitate personalized customer interactions and data-driven insights, enabling automotive businesses to recover and increase customer lifetime value. The platform features capabilities such as automated customer engagement, service opportunity identification, and appointment scheduling, all aimed at improving revenue per customer across various brands and locations.Veact generates revenue primarily through a subscription-based model, offering its automotive marketing platform to OEMs, NSCs, and dealerships under various partnership agreements. The typical transaction structure involves clients subscribing to the platform, which provides them with access to tools and features that streamline customer interaction and enhance marketing effectiveness. The revenue model also accommodates different tiers of service, allowing businesses of all sizes to select appropriate features based on their needs. The platform's flagship capabilities, including lead management and customer loyalty systems, are designed to drive measurable results, thereby ensuring continued engagement and satisfaction from clients. The company is looking to expand its presence beyond Europe into emerging markets in Asia by 2024.
Who invested in Veact
7 investors across 3 rounds
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Questions about Veact
Who invested in Veact?
Veact has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Veact raised?
Veact has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Veact last raise money?
Veact's most recent round on record is a Series B, in Sep 2018.
What does Veact do?
Veact GmbH was founded in 2010 and is headquartered in Munich, Germany.
Where is Veact headquartered?
Veact is headquartered in Munich, Germany.
Which VCs invest in companies like Veact?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Veact's stage. Their profiles are linked below.
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