Ornikar raises €100 million in Series C funding led by KKR

Paris-based online, get-your-license-faster platform Ornikar has raised €100 million in its effort to become the global leader in road safety.

Led by KKR, the round also saw participation from BPI, Elaia, Brighteye Ventures, and H14.

“Ornikar has done a tremendous job creating a great experience for students and driving instructors through engaging online education courses and a well-designed marketplace,” comments KKR Director Patrick Devine. “We are thrilled to invest behind Benjamin, Flavien, and their talented team as they expand internationally and accelerate their insurance offering following the successful launches of Onroad in Spain and Ornikar Assurance.”

Founded in 2013 by Alexandre Chartier and Benjamin Gaignault, Ornikar is the de-facto online driver education platform in France and is making rapid headway in Spain. In 2020 the firm saw 420,000 new users, grew as much as 30% per month, and to date has served over 1.5 million customers.

Just last year, the company took a step further in the complete driver experience, jumping into the insurance market with the launch of Ornikar Assurance. The Assurance product is specifically tailored to a digital-first market, and systematically matches insurance products based on individual drivers’ needs.

“We have proven the effectiveness, sustainability, and flexibility of the model we created, including showing that Ornikar can be replicated outside France. Our ambitions are far-reaching and we aim to drive innovations that re-imagine how drivers are trained and insured,” adds Ornikar CEO Benjamin Gaignault.