Borusan Ventures participated in a €2.1 million seed round and other investors in DC Connected include Venpace, Atlas Ventures, APX and Bloomhaus Ventures.
Borusan Ventures, which started its operations in May 2023 as the independent corporate venture capital arm of Borusan Group, made its first investment in Germany-based DC Connected.
Borusan Ventures participated in a €2.1 million seed round in DC Connected, whose other investors include Venpace, Atlas Ventures, APX and Bloomhaus Ventures.
DC Connected aims to improve after-sales services with live data obtained from vehicles by bringing artificial intelligence together with the automotive world, and with the multi-brand platform it has developed in this context, it solves vehicle-related problems with the Virtual Technician. In this way, it provides solutions such as vehicle health status, remote assistance, automatic / intelligent diagnostics and offers this product to different customer groups such as vehicle manufacturers, vehicle service providers and insurance companies.
DC Connected has already signed up key customers in Europe and is partnering with major automotive manufacturers.
Dennis Christ, one of the founders of DC Connected, is a specialist in automotive repair and maintenance and brings his experience in this field to the company. Ralf Schollenberger, who has worked for more than 20 years in the insurance industry, was a senior executive at Allianz. Willian Servigna, who most recently worked at Amazon, is the company’s CTO for software development and artificial intelligence.
Defne Kocabıyık Narter, the founder of Borusan Ventures and one of the 3rd generation shareholders of Borusan Group, stated that the fund was established with an independent structure that will generate financial returns, but also has strategic importance in terms of Borusan Group’s long-term goals.
“Borusan is celebrating its 80th anniversary today, and our biggest mission is to continue our existence as a group for 200 years and beyond. For this, we need to keep up with all kinds of technological changes by utilizing both internal and external innovation. Borusan Ventures enables us to follow the innovations in the world in the focus areas we have identified, to understand the technologies of the future and to invest in these areas.
We see this investment as an opportunity for Borusan Otomotiv. DC Connected’s artificial intelligence-based solution will enable us to improve our services and customer experience. We see a great opportunity especially in the after-sales service and second-hand side.”
