Ornikar Revenue, Valuation, Funding & Investors

Ornikar is valued at $750M as of April 2021, a 9.9x multiple on its last reported $76M revenue.

Last Ornikar valuation

$750M

Series C · Apr 2021

Last Ornikar funding round

$120M

Series C · Apr 2021

Ornikar revenue

$76M

Series C · Apr 2021

Key investors in Ornikar

  • Idinvest Partners
  • Elaia
  • Bpifrance
  • Brighteye Ventures
  • H14
  • Kima Ventures

Ornikar Overview

About Ornikar

Ornikar is a Paris-based online driving school founded in 2013 that offers tech-enabled driver training and connects students with state-qualified instructors for mobile driving lessons at reduced prices. The company has expanded beyond education into car insurance through Ornikar Assurance, launched in 2020, and has taken its model into Spain under the Onroad brand. It serves individual consumers pursuing driver's licenses, aiming to make driving education and related services more accessible and affordable than traditional driving schools.


Founded

2014

HQ

FranceParis

Status

Privately held

Customer focus

B2C

Revenue model

Product sales, Services

Revenue

$76M (Apr 2021)

Valuation

$750M (Apr 2021)

Ornikar Valuation

Ornikar is currently valued at $750M, based on its Series C in April 2021.

The $120M round was led by KKR, with participation from Elaia, Brighteye Ventures, Idinvest Partners, Bpifrance, H14 and 1 other investor.

Ornikar's valuation has grown 8.0x from $94M at its Series B in June 2019 to $750M in April 2021, across 2 priced rounds.

Ornikar valuation by funding round

Revenue multiple
Ornikar valuation by funding round
DateStageValuationRevenue Multiple
Apr 2021Series C$750M9.9x
Jun 2019Series B$94M-

Ornikar Revenue

Ornikar's latest recorded revenue is $76M, as of its Series C in April 2021. At a $750M valuation, that implies a 9.9x revenue multiple.

Ornikar revenue by funding round

Ornikar revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2021$76M$750M9.9xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Ornikar Funding History

Ornikar has raised a total of $174M across 4 funding rounds.

Ornikar's first fundraising round was a $2M seed round in November 2014. The most recent completed round was a $120M Series C in April 2021.

Ornikar funding rounds

Ornikar funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2021Series CKKR (lead); Elaia; Brighteye Ventures; Idinvest Partners; Bpifrance; H14; Eurazeo$120M$750MOrnikar is a Paris-based online driving school founded in 2013 that offers tech-enabled driver training, road awareness education, and has expanded into car insurance with Ornikar Assurance launched in 2020. The platform connects students with state-qualified instructors for mobile driving lessons at reduced prices and has grown rapidly, adding 420,000 new users in 2020 with monthly growth up to 30% during the pandemic, serving over 1.5 million customers to date. It entered France's €17 billion car insurance market and launched Onroad in Spain, aiming to become a global leader in road safety by innovating driver training and insurance services. On April 21, 2021, Ornikar raised €100 million ($120 million) in a Series C funding round led by KKR through its Next Generation Technology Growth Fund, with participation from existing investors including Bpifrance (BPI Large Venture), Idinvest Partners, Elaia, Brighteye Ventures, and H14. This round brought the company's total funding to €146 million ($175 million). Sources indicate the valuation was around $750 million, though not officially disclosed by the company. The capital is intended to accelerate international expansion for training, insurance, and other driver services. Ornikar Assurance, still a small fraction of revenues compared to driver education at the time, was on track for 20,000 users by August 2021 after one year, with 80% of new customers from external channels like social media and Google ads, prompting a dedicated insurtech business unit. The funding validates the model's effectiveness and scalability outside France, as noted by CEO Benjamin Gaignault and investors. KKR highlighted Ornikar's engaging online courses and marketplace design.
Jun 2019Series BBpifrance (lead); Idinvest Partners (lead); H14$40M$94MOrnikar is an online driving school platform that revolutionized access to driver's licenses in France by offering training for candidates to take the exam independently, with part of the formation online. The company announced a 35 million euro funding round in late June 2019, led by Bpifrance Large Venture and Idinvest Partners, with participation from existing investors Brighteye Ventures and new minor investors including H14. However, documents revealed the actual amount raised was approximately 12 million euros, primarily from Bpifrance (83%) and Idinvest (12%). This round valued Ornikar at a pre-money valuation of 82 million euros. It followed a prior 10 million euro raise a year earlier and rewarded the company's hypergrowth, capturing 20% market share in 2018 and targeting 35% of French driving test candidates in 2019. Investors highlighted Ornikar's strong brand among youth, flexibility, and potential for European leadership in digital driving education amid industry resistance, including legal challenges from traditional auto-schools. The funds were intended to fuel expansion in France and internationally, positioning Ornikar as a leader in mobility access. Bpifrance's significant involvement underscored public support for the societal impact on mobility. Later rounds included a 100 million euro Series C in April 2021 led by KKR with historical investors like Idinvest, Bpifrance, and H14, aimed at global road safety leadership through education and insurance.
Mar 2018Series AIdinvest Partners (lead); Elaia; Brighteye Ventures; Partech$12M-Ornikar raised $12.5 million in a funding round on March 19, 2018, matching the specified investors including lead Idinvest Partners, Brighteye Ventures, Elaia, and Partech. The company operates as an online driving school platform in France, providing driver's education classes and competing with traditional driving schools. This Series A round followed a seed round of $1.6 million in November 2014. Ornikar subsequently raised a $40 million Series B in June 2019 led by Idinvest Partners and Bpifrance, reaching 35% of driving school registrations in France that year with 30,000 monthly sign-ups and 70,000 hours of lessons per month. The company was profitable in the French market in 2018 and 2019. A Series C round of $120 million occurred in April 2021.
Nov 2014SeedElaia (lead); Kima Ventures$2M--

Who has invested in Ornikar?

9 investors have backed Ornikar across its funding rounds, including Idinvest Partners, Elaia, Bpifrance, Brighteye Ventures, H14 and Kima Ventures.

Lead investors include KKR, Bpifrance, Idinvest Partners and Elaia.


Ornikar Investors

Investors in Ornikar by funding rounds participated
InvestorHQRoundsRoleFirst check
ElaiaFranceFrance3LeadNov 2014
Idinvest PartnersFranceParis3LeadMar 2018
Brighteye VenturesFranceFrance2ParticipantMar 2018
BpifranceFranceParis2LeadJun 2019
H14ItalyItaly2ParticipantJun 2019
KKRUnited StatesNew York City, NY1LeadApr 2021
PartechFranceParis1ParticipantMar 2018

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Acquisitions by Ornikar

Ornikar has acquired 1 company to date.

Last acquisition by Ornikar was on June 1st 2026. Ornikar acquired En Voiture Simone for undisclosed valuation.


Latest Acquisitions by Ornikar

En Voiture Simone
Description
En Voiture Simone is a Paris-based online driving school connecting independent students with state-certified instructors since 2015. It facilitates code theory courses, practical lessons, and license exams through a platform matching learners by location and schedule. Users access video tutorials, progress tracking, and bookings for permits like the French B license, operating across France with thousands of partnered teachers.
HQ CountryFrance
HQ City
Paris
Deal Date1 Jun 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Ornikar Competitors

Ornikar competitors include listed companies like Stadio Holdings and Lincoln Educational Services, and private ones like K-12 Techno Services, Scaler Academy, Lovevery and Matific.

Public and private companies comparable to Ornikar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
K-12 Techno ServicesIndiaHyderabadPrivate$47M-$759M-
Stadio HoldingsSouth AfricaSouth AfricaPublicly listed$113M$34M$713M5.8x
Scaler AcademyIndiaBangalorePrivate$110M-$710M6.5x
LoveveryUnited StatesBoise, IDPrivate$100M-$800M8.0x
MatificAustraliaSydneyPrivate--$800M-
Lincoln Educational ServicesUnited StatesUnited StatesPublicly listed$518M$49M$806M1.7x

Ornikar Public Comps

Ornikar is still privately-owned, but its public comps include Stadio Holdings, Lincoln Educational Services, China Education, Scholastic, Taaleem Holdings, Cogna Educação, Phoenix Education, Jiangsu Chuanzhiboke, Gaotu Techedu and YDUQS.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Stadio Holdings$113M$34M6.4x5.8x21.3x19.2x
Lincoln Educational Services$518M$49M1.9x1.7x20.4x13.3x
China Education$1.1B$342M1.6x1.6x5.1x3.1x
Scholastic$1.6B$180M0.6x0.6x5.0x6.1x
Taaleem Holdings$295M$84M4.4x3.6x15.4x14.3x
Cogna Educação$1.4B$455M1.4x1.3x4.3x4.2x
Phoenix Education$1B$194M0.8x0.8x4.1x3.2x
Jiangsu Chuanzhiboke$57M($7M)8.9x6.3x(67.8x)-

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Common questions about Ornikar

When was Ornikar founded?Ornikar was founded in 2014.
Where is Ornikar headquartered?Ornikar is headquartered in Paris, France.
Is Ornikar publicly listed?No, Ornikar is a private, VC-backed company.
What is Ornikar's valuation?Ornikar was last valued at $750M in its Series C in April 2021.
How much funding has Ornikar raised?Ornikar has raised $174M across 4 funding rounds.
What was Ornikar's last funding round?Ornikar's last funding round was a $120M Series C in April 2021, led by KKR.
Who are Ornikar's investors?Ornikar's investors include Elaia, Idinvest Partners, Brighteye Ventures, Bpifrance, H14, KKR, Partech, Eurazeo and Kima Ventures.
What is Ornikar's revenue?Ornikar's latest recorded revenue is $76M (April 2021).
What is Ornikar's revenue multiple?Ornikar's latest valuation implies a 9.9x revenue multiple ($750M valuation on $76M of revenue).
Which companies are comparable to Ornikar?Companies comparable to Ornikar include K-12 Techno Services, Stadio Holdings, Scaler Academy, Lovevery, Matific and Lincoln Educational Services.
How many companies has Ornikar acquired?Ornikar has acquired 1 company, including En Voiture Simone.

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