used cars
Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI
Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees,…
Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada…
Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2
Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other…
Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion.…
Prosus classifieds group OLX shuts down Frontier Car Group’s Berlin office, OLX Autos to focus on LatAm and Asia
Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but another big used-car play is consolidating operations. TechCrunch…
Cazoo, the U.K. used-car sales portal that has been on a major fundraising tear in the last year, will be the next company to pursue more growth by way of…
Carsome, which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D. The funding was led by Asia Partners, with…
A lot of people are opting to use cars instead of taking public transportation in the U.K. at the moment, as a way of ensuring more social distancing, and today…
OLX Group invests up to $400M in used car marketplace Frontier Car Group at $700M valuation
Frontier Car Group, the Berlin-based startup building used car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic backer also focusing on the…
Shift Technologies, an online marketplace for used cars, has closed a Series D financing round of more than $140 million in equity and debt. The round, which consists of about…
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Another day another IPO(s). Due to the recent success of public offerings from companies like Yext, Okta and Snap it seems the time is now for startups to go public. And tomorrow we have two…
Carvana raises a $160M Series C to expand its online dealership and car vending machines nationwide
The used car industry is an interesting business. The market is huge – 45 million used cars are bought each year in the U.S. But the biggest player, CarMax, only controls…
Pittsburgh-based startup AutoRef.com, which is something like a CarWoo for used vehicles, has raised $850,000 in seed funding. The round was led by an interesting, strategic investor: the large European…
Mojo Motors, a discount shopping site for used vehicles, has raised $3 million in series A financing, led by Atlas Venture, with participation from existing investors RPM Ventures, NextView Ventures,…
