Omnetic, which provides automotive digitalization and dealership management systems in Central Europe, has raised €100 million in funding to support its expansion through further acquisitions. The investment round is led by PE fund Kartesia and debt fund CVI. Omnetic is part of the EAG Group, which also owns Carvago, an online platform that facilitates the sale of used cars.

Omnetic's portfolio, which operates in twelve European markets, includes Cebia, a vehicle vetting, valuation and security platform, as well as European digital used car trading platform Fastback and software firms Teas and Autosoft. The new capital is earmarked to make further acquisitions in Germany, Poland, France and Benelux. Omnetic intends to use these acquisitions not only to expand its market presence but also to improve the functionality of its existing products.

EAG Group, founded in 2018 by Jakub Šulta, Pavel Svoren and Petr Kratochvíl, specialises in digital services in the automotive sector. Operating under various brands such as Omnetic, Carvago and CarsData, through software and analytics products, the group offers comprehensive solutions covering the entire vehicle lifecycle, from vehicle selection and financing to sales.