Privacy4Cars Closes Series A Investment

Privacy4Cars Closes Series A Investment

FM Capital Leads funding round for technology company focused on privacy and compliance solutions for vehicles.

Privacy4Cars announced that it closed a Series A investment. The round was led by First Move Capital (FM Capital) with additional investment from Automotive Ventures. This marks the first institutional investors’ fundraise effort for Privacy4Cars, which has quickly become the industry standard for vehicle data deletion.

Developed by a world-renowned cybersecurity and vehicle privacy expert, Privacy4Cars offers a standard process that makes data deletion simple and scalable. Its mission, Driving Privacy, means offering a suite of services to expand protections for individuals and companies alike, by focusing on privacy, safety, security and compliance. In the past six months, Privacy4Cars has expanded its presence beyond the United States and into the global market with major distribution deals across Canada, the United Kingdom, Middle East, Australia, New Zealand and India.

“We recognized very early on that personal information would be a rising compliance and reputation risk for automotive businesses across the globe, and worked tirelessly to create a simple, scalable solution for businesses looking to meet current regulatory requirements and protect their customers,” said Andrea Amico, Privacy4Cars founder and CEO. “Closing this funding round with FM Capital and Automotive Ventures is a pivotal moment for the business as it will allow us to keep up with demand, scale solutions for our newest partners across the globe, and generate more groundbreaking tools to further protect all consumers that operate a vehicle.”

The funding will be allocated toward increasing Privacy4Cars’ service and platform offering, supporting its innovative research and IP, attracting key talent and keep fueling growth domestically and internationally.  

“PII will continue to be a hot-button topic in the automotive industry, especially as lawsuits become more prevalent,” said Chase Fraser, managing partner, FM Capital. “Privacy4Cars has created a solution that will soon be mandatory for retail automotive, auctions and the vehicle rental space.”

You May Also Like

APCO Holdings, LLC Acquires Capital Administrative Professionals

This strategic move expands APCO’s F&I product portfolio and strengthens its position in the automotive, RV and powersports industries.

APCO Holdings, LLC (APCO), a provider and administrator of automotive Finance & Insurance (F&I) products and home to the EasyCare, National Auto Care (now EasyCare), GWC Warranty and Crystal Fusion brands, has acquired Capital Administrative Professionals, LLC (CAP). This strategic acquisition marks the third acquisition in 2024, following the acquisition of Crystal Fusion in May. These acquisitions demonstrate APCO’s commitment to protecting what moves dealers, agents and lenders and further strengthens its position in the F&I industry.

APCO Holdings, LLC, Acquires Rider’s Advantage

This strategic move, following recent acquisitions, strengthens APCO’s position in the powersports, marine and RV industries.

Cox Automotive Names Joe Kichler to Brand New Position

Cox Automotive’s newly created role will accelerate connections between company’s digital wholesale and logistics solutions.

BendPak Awarded Sourcewell Cooperative Purchasing Contract

BendPak’s Sourcewell cooperative purchasing contract saves public agencies time and money when buying lifts and shop equipment.

Lax Hygiene Greatest Risk of Dealership Data Breach, Expert Says

Learn strategies combining human oversight and digital security measures from Terry Dortch to maintain compliance.

Other Posts
AutoNation, U.S. Army Announce Partnership

The partnership between AutoNation and the U.S. Army will create job opportunities for soldiers through the PaYS program.

BizzyCar Unveils Q2 2024 Recall Report

Ford leads with 1.3 million vehicles recalled, and total recalls top 14 million year-to-date.

ABCoA Offers DST Dealership Sales Tools Amid Software Hack

Featuring quick implementation and affordable pricing, ABCoA offers the software to support dealerships affected by the security breach.

AppraisalPRO Launches, Allowing Dealers to Spot Lemons

Created by FIXD Automotive’s founders, AppraisalPRO gives new and used car dealerships the power to devalue car trades and win more deals.