Go to deals
TMT

The Floow Limited has been acquired by Otonomo Technologies Ltd.

Direct Line Insurance Group plc has sold The Floow Limited, a software as a service (SaaS) global provider of connected insurance technology for major carriers, to Otonomo Technologies, the mobility intelligence company.

The Floow is a pioneer in the use of advanced data analytics that sits behind blue-chip insurers-connected automotive insurance policies that effectively prices on driving behavior and usage, rather than more typical demographics.

Located in Israel, Otonomo Technologies is a cloud-based SaaS platform for the vehicle data exchange.

Oaklins Cavendish, based in the UK, advised on the sale of The Floow Limited.

Parties
“I could not be prouder to be joining the Otonomo team. This is a big, bold step that brings us closer to our vision of safer and smarter mobility for all. Our clients and partners, some of the leading insurers of the world, will have access to a significant and unique set of data products, tools and resources to help them compete and thrive in a connected new world ahead. We really appreciated Oaklins Cavendish’s excellent advice, their understanding of the business, and getting the best outcome for the company by driving the process.”

Aldo Monteforte

CEO, The Floow Limited

Talk to the deal team

Peter Gray

Partner
London, United Kingdom
Oaklins Cavendish

Anthony Platt

Partner
London, United Kingdom
Oaklins Cavendish

Elliott Jeans

Director
London, United Kingdom
Oaklins Cavendish

Related deals

Bayer AG has entered into a takeover agreement with Cara Care
Healthcare | TMT

Bayer AG has entered into a takeover agreement with Cara Care

Bayer AG, renowned for its advancements in healthcare and life sciences, has finalized the acquisition of Cara Care (HiDoc Technologies GmbH), which entered debtor-in-possession proceedings in October 2024. Cara Care, an innovative digital health platform and official DiGA, aligns perfectly with Bayer’s strategic focus on digital health and the expansion of its innovative solutions portfolio. The transaction is expected to close in Spring 2025.

Learn more
Digital Survival Group has raised financing to acquire Cloudiction and E-mergo
Private Equity | TMT

Digital Survival Group has raised financing to acquire Cloudiction and E-mergo

Digital Survival Group has successfully completed a fundraising round to finance the acquisition of cloud specialist Cloudiction and data and AI frontrunner E-mergo. This transaction further strengthens Digital Survival Group’s position as a leading platform for end-to-end digital transformation.

Learn more
Gemini Bidco S.r.l. has launched a mandatory public tender offer for Relatech S.p.A.
TMT

Gemini Bidco S.r.l. has launched a mandatory public tender offer for Relatech S.p.A.

Gemini Bidco S.r.l. has initiated a mandatory public tender offer for the shares of Relatech S.p.A.

Learn more