Failed 2023

    Ornikar (Down Round & Layoffs)

    Paris driving-school unicorn Ornikar reached $750M valuation in 2021, then conducted significant layoffs and exited Spain in 2023 as international scaling failed.

    Founded → Closed

    2013 → 2023

    Funding Raised

    $170M

    Industry

    EdTech/Driving Schools

    Country

    France

    Full Analysis

    Paris-based Ornikar was France's leading online driving school, valued at $750M after a $120M Series C from KKR in 2021. After failed international expansion (Spain exit in 2023), the company conducted ~25% layoffs and reportedly raised at flat-to-down terms in 2024. A representative French EdTech post-2021 correction.

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