{"id":18660,"date":"2016-09-26T14:32:00","date_gmt":"2016-09-26T12:32:00","guid":{"rendered":"https:\/\/www.pace.car\/?post_type=press&#038;p=971"},"modified":"2026-01-21T16:22:49","modified_gmt":"2026-01-21T15:22:49","slug":"pace-wins-cyberchampions-award-and-closes-series-a-round","status":"publish","type":"news","link":"https:\/\/pace.cloud\/en\/news\/pace-wins-cyberchampions-award-and-closes-series-a-round\/","title":{"rendered":"PACE wins CyberChampions Award and closes series A round"},"content":{"rendered":"\n<p><strong>PACE Telematics, a startup from Germany, developed a system which easily connects a car via a&nbsp; Bluetooth adaptor with the smartphone and turns it into a smartcar. With this innovative idea, PACE&nbsp; won this year\u2019s CyberChampions Award in the category \u201cNewcomer\u201d. PACE Telematics managed&nbsp; nearly simultaneously to gain the necessary funding for further growth. The young company based in&nbsp; Karlsruhe and Berlin was offered a significant seven-digit investment by L-Bank and industry experts&nbsp; of the smartcar &amp; telematics sector.<\/strong><\/p>\n\n\n\n<p>Smartphone, smartwatch and smarthome \u2013 many of today\u2019s every-day devices are step-by-step gaining&nbsp; access to the world-wide-web and thereby to our digitalized lives. Cars, too, are getting more intelligent&nbsp; and, as smartcars, are often continuously connected to the internet. However, as the live span of a car is&nbsp; on average about 9 years in Germany, many German car drivers have not yet experienced the&nbsp; advantages modern smartcars have to offer.&nbsp;<\/p>\n\n\n\n<p>Philip Blatter, managing director PACE Telematics GmbH: \u201cWe wanted to change this with our PACE Link.&nbsp; Our small adapter gets plugged into the on-board diagnostics socket of the car. Like this, both old and&nbsp; new cars turn into smartcars. The PACE Link adapter connects your car and your smartphone via&nbsp; Bluetooth. This way, PACE offers 9 innovative functions which support car drivers in their every-day lives&nbsp; and make driving safer, cheaper and less stressful. For example, PACE calls for help in case of an&nbsp; accident, documents all your trips in a driver\u2019s log book conforming to German tax law, finds the nearest&nbsp; and cheapest gas station and analyses your car\u2019s problems when one of the indicator lamps lights up.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">First place at the CyberChampions Award<\/h3>\n\n\n\n<p>With this innovation, PACE placed first in the category \u201cNewcomer\u201d at this year\u2019s CyberChampions Award.&nbsp; Over 40 startups applied for this category. All these startups have been operating in the market for less&nbsp; than two years; yet all of them have already exhibited great success. The CyberForum has been&nbsp; awarding innovative and promising startups, and product ideas with this award for over ten years. The Robin Sch\u00f6nbeck, managing director PACE Telematics GmbH: \u201cWe are thrilled that we have been&nbsp; awarded this prize at the CyberChampion Awards. CyberLab has supported us from the very start. They&nbsp; have offered infrastructural help when needed and connected us with many important contacts through&nbsp; the CyberForum network. This support made it possible for us to \u2018hit the road with squeaking tires\u2019. Our&nbsp; team is very much looking forward to our continued cooperation.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Successful series A round<\/h3>\n\n\n\n<p>PACE was founded by Dr. Martin Kern, Robin Sch\u00f6nbeck and Philip Blatter in spring 2015. All three PACE&nbsp; founders are experienced entrepreneurs, who have already realized several successful startup projects.&nbsp; Driven by their enthusiasm for both driving and innovative technologies, they decided to create PACE. In&nbsp; the beginning, the PACE founders funded the project themselves, followed by a seven-digit seed round&nbsp; in fall 2015 and a very successful campaign on Kickstarter in April 2016. Here, over 330,000\u20ac were&nbsp; earned through preorders. The PACE team has now decided to include additional investors in order to&nbsp; reach PACE\u2019s full potential and keep the competitive advantage by quickly growing further. With the L-Bank and select business angels from the smartcar and telematics sector, PACE gained competent and&nbsp; financially strong partners who invested a significant seven-digit ticket based on a valuation in the&nbsp; double-digit million range.<\/p>\n\n\n\n<p>Christian Roth, managing director of LEA Partners GmbH: \u201cWe are certain that we are going to enjoy our&nbsp; involvement with PACE. PACE combines the different advantages of the high-tech region Karlsruhe&nbsp; perfectly: innovative products, technical excellence, an experienced team of \u2018serial entrepreneurs\u2019 as&nbsp; well as the CyberForum\u2019s connectivity as incubator, and LEA as a classic financial investor who can&nbsp; support further growth as an active and entrepreneurial equity investor.\u201d<\/p>\n\n\n\n<p>Dr. Martin Kern, managing director PACE Telematics GmbH: \u201cWe are glad to have the LEA Partners team&nbsp; on board. Having gained the support of such a renowned investor for our startup is a great confirmation&nbsp; of our work so far. The dynamic and the positive momentum of LEA Partners during this process has&nbsp; been impressive.\u201d<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-18660","news","type-news","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PACE wins CyberChampions Award and closes series A round | PACE Cloud<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pace.cloud\/en\/news\/pace-wins-cyberchampions-award-and-closes-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PACE wins CyberChampions Award and closes series A round | PACE Cloud\" \/>\n<meta property=\"og:description\" content=\"PACE Telematics, a startup from Germany, developed a system which easily connects a car via a Bluetooth adaptor with the smartphone and turns it into a smartcar. 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