8 years ago

Carspring Raises £5 Million for Online Used Car Buying Platform

  • Carspring, a London and Berlin-based online used car buying platform founded by Rocket Internet, has secured £5 million in Series B funding

  • The round was led by Rocket Internet and also included Channel 4's Commercial Growth Fund, which provides media advertising in exchange for equity

  • This investment will allow Carspring to expand its operations, including a focus on TV advertising

  • Carspring aims to make the process of buying a used car entirely online, offering features such as mechanical checks, a 6-month warranty, home delivery, and a 14-day money-back guarantee.

      • ProblemTechnology

      "Buying a used car is a time-consuming, complex, and often stressful process. It's hard to know if you're getting a good deal, and there's always the risk of hidden problems."

      Solution

      "Carspring makes buying a used car online easy, trustworthy, and convenient. They source cars from a network of dealers, provide mechanical checks, a 6-month warranty, home delivery, and a 14-day money-back guarantee. They also offer financing to make buying a car more affordable."

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