Jet Investment leads €5 million investment in International Automotive Group
(Brno, 22 May 2025) Jet Investment has assumed the role of the lead investor in a €5 million investment round in International Automotive Group, a company developing an innovative e-commerce platform for the distribution of spare parts in the automotive industry. Jet Investment is providing €2.4 million of the total amount. The co-investors are Venture to Future Fund with €1.6 million and the founding investor Josef Koller, who will contribute €1 million. The raised funds will support IAG's expansion into the European automotive spare parts and servicing market, the expansion of e-catalogue services and streamlining logistics and billing processes.
International Automotive Group (IAG) focuses on optimizing the supply chain of spare parts for repair shops through a dedicated digital platform. The company has seen extraordinary growth momentum in recent years, with its sales increasing more than fivefold between 2022 and 2024. The success is also due to an experienced management team formed by experts who were behind Inter Cars' international expansion. Thanks to the team, IAG was able to quickly build a strong position in a growing segment of the European automotive aftermarket. The company is already active in Czechia, Slovakia, Poland, Hungary, Latvia and Croatia, where it is building a network of franchise partners supported from the headquarters.
Kamil Levinský, Managing Director of Jet Ventures, commented on the investment: "We are excited to support the IAG team and its innovative strategy. We believe that their e-commerce platform and emphasis on efficient distribution will let them fully exploit the potential of the European market. The investment fits perfectly with our strategy of supporting fast-growing B2B tech companies with strong market potential and a product that precisely meets customer requirements."
Matěj Říha, Chairman of Venture to Future Fund’s Board of Trustees, said: "Investing in IAG represents exactly the type of opportunity that our fund is looking for – an innovative company with the potential for international expansion. We believe that their platform has all it needs to become a major player in the European automotive aftermarket."
Tomáš Kaštil, founder of IAG, added: "The investment led by Jet Ventures is a significant milestone for IAG. Their support will be key to further accelerating growth, expanding our reach and improving our offering to B2B clients in the automotive aftermarket. We are confident that this partnership will help us achieve our ambitious goals."
IAG is Jet Investment's second venture capital investment after it has previously supported Partory, a start-up firm. Jet Investment established Jet Venture 1 in October 2024 as a fund to focus on investments in innovative businesses with the potential to transform traditional industries with modern technologies.
Jet Venture 1 Fund, SICAV
- Qualified Investor Fund
- Regional focus: CZ, SK, DE, AT, PL
- Sectoral focus: advanced industrial B2B manufacturing systems, deeptech, Internet of Things (IoT), artificial intelligence and machine learning (AI and ML), cybersecurity, robotics and drones, 3D printing and supply chain technology
- Planned fund volume: EUR 50 million
- Planned appreciation for investors: 20% p.a. net*
- Minimum investment: CZK 5 million, or CZK 1 million through the Conseq feeder fund
- Investment cycle: pre-series A, series A, prospectively series B
- Assumed number of portfolio companies: 16 to 20
More information about the Jet Venture 1 fund is available at www.jetinvestment.eu.
About Jet Investment and Jet Venture 1
Jet Venture 1 is a venture capital fund investing in innovative technology startups with high growth potential. The fund belongs to the group of funds managed by Jet Investment, a.s., carefully selected and consistently managed by the Jet Ventures team led by Kamil Levinský and Roger Dorsch.
About International Automotive Group
International Automotive Group, s.r.o. (IAG) is a B2B e-commerce platform and distribution agent for automotive aftermarket spare parts. It offers an e-catalogue for B2B clients (car repair shops) and a set of tools (ERP, CRM, BI) to help franchise partners provide logistics and billing services and develop business activities.
About Venture to Future Fund
Venture to Future Fund supports Slovak and European technology companies that have the potential to succeed in the global market. The fund's capital is primarily used to finance the growth and expansion of such companies, whether by entering new markets, improving products, penetrating new market segments or expanding their market share. With an initial capital of €40.4 million, the fund was established in 2019 as a result of a joint initiative of the European Investment Bank and the Ministry of Finance of the Slovak Republic through Slovak Investment Holding. In 2024, the capital was increased by €15.3 million from the funds of Component 9 of the Recovery and Resilience Plan administered by the Research and Innovation Authority (VAIA).
* This is a promotional communication. Before making any final investment decisions, please read the fund's statute and key investor information document.
The scenarios presented are an estimate of future performance based on historical data concerning development of the value of the particular investment and/or on the current market conditions and do not constitute an accurate indicator. Your gain will vary depending on the actual market situation and the time of holding the investment/product.
Only qualified investors can become shareholders, beneficiaries, founders, partners or silent partners of this fund.