8 years ago

Carwow Raises $39 Million to Expand Its Car Buying Platform

  • Carwow, a platform that helps people buy new cars, has raised $39 million in Series C funding led by Vitruvian Partners

  • The company allows consumers to compare offers online and buy directly from trusted dealers, avoiding the need to haggle over price

  • Carwow claims that more than a third of U.K

  • new car dealers use the platform, and has seen over £2 billion of new cars purchased through it since 2013

  • The startup plans to use the new funding for international expansion.

      • ProblemTechnology

      "Buying a new car is a stressful and time-consuming process, often involving haggling with dealerships and feeling pressured to make a decision. "

      Solution

      "Carwow provides a platform where users can research, compare, and purchase new cars online from trusted dealers, eliminating the need for haggling and making the process more transparent and efficient."

      Covered on