Milano-based MotorK, an AI-centric SaaS supplier to the automotive retail business within the EMEA area, has secured a further €3 million tranche of financing from its present lender Atempo Progress.
The recent capital will probably be utilised to strengthen the Group’s monetary place additional and assist common company functions. In response to the corporate, further funds have been secured below related monetary phrases and circumstances to these of the unique facility.
London-based Atempo Progress is a pan-European development debt supplier with places of work in London and Italy. In April 2025, it announced the primary shut of €300 million in direction of its second Fund, Atempo II, bringing complete property below administration by the agency to €800 million.
Based in 2010, MotorK develops built-in digital options to assist the gross sales and advertising actions of automotive producers and sellers. It claims to supply its clients digital options, SaaS cloud merchandise, and the most important R&D division within the European automotive digital gross sales and advertising business. The corporate’s SparK platform integrates advertising, gross sales, knowledge, and operations inside a single ecosystem, enabling the coordination of those features to assist enterprise actions.
In June final yr, the corporate introduced modifications to its management construction. Marco Marlia, co-founder and CEO of MotorK, assumed the position of president, specializing in enterprise growth, business relations, strategic partnerships, and key enterprise initiatives. Government Chairman Amir Rosentuler has taken on the extra obligations of interim CEO on a short-term foundation.
Final yr, in March, the corporate introduced a reserved capital enhance of €4.8 million with participation from buyers corresponding to 83 North and Lucerne Capital Administration.
MotorK has been listed on Euronext Amsterdam since November 2021 and achieved ISO 27001 certification in November 2024. It at the moment employs practically 310 staff, and has places of work in eight international locations (Italy, Spain, France, Germany, Belgium, the Netherlands, the UK, and Israel).
