6 years ago

carwow Secures £25 Million in Strategic Funding Led by Daimler AG

  • carwow, the online car marketplace, has secured £25 million in strategic funding led by Daimler AG, the parent company of Mercedes-Benz

  • The investment will be used to further grow the business, deepen its presence in the UK, and invest in talent, product development, and marketing

  • Other investors include Balderton Capital, Accel, and Vitruvian Partners, all of which are re-investing in the tech firm

  • This investment marks the first time carwow has opened up to strategic investors, demonstrating the growing importance of online car sales.

      • ProblemFinancial Services

      "The traditional car buying model where consumers face limited options and hidden fees is outdated."

      Solution

      "carwow allows consumers to research, compare and buy new and nearly-new cars online, providing high quality content and reviews, transparency on pricing and ratings, and a nationwide network of approved dealerships."

      Covered on