a year ago

CarCloud Secures £425k Seedrs Funding to Simplify Car Ownership in UK

  • UK car finance platform CarCloud has successfully completed its Seedrs investment round, raising £425,000, exceeding its initial target of £325,000

  • This investment round, following extensive due diligence, brings CarCloud's post-money valuation to £6.82 million

  • CarCloud aims to help UK consumers manage their car-related finances more efficiently, offering features like cost tracking, finance management, and insurance shopping

  • The company plans to expand its services to the UK's 40 million licensed drivers, aiming to help them control vehicle costs and reduce their environmental impact.

      • ProblemTechnology

      "Car ownership is the second-highest monthly expense for UK consumers, averaging £478 per month, and managing car-related finances can be complex and time-consuming."

      Solution

      "CarCloud is a platform that provides tools and services to help drivers save time and money on car ownership and finance. Features include cost tracking, finance management, insurance shopping, and reminders for MOT, tax, and insurance deadlines."

      Covered on