a year ago

Carwow Secures $52 Million Funding to Expand its Car-Buying and Selling Platform

  • Carwow, a UK-based online marketplace for buying and selling cars, has raised $52 million (£41 million) in a new funding round

  • Led by Bessemer Venture Partners, the round saw participation from existing investors like Accel, Balderton, Episode 1, and Vitruvian

  • The investment will be used to scale Carwow's Sell My Car (SMC) service in the UK, attract more customers, and source more cars for dealer partners

  • Carwow also plans to introduce SMC to its German operations in 2025.

      • ProblemTechnology

      "Buying and selling a car is a complex and time-consuming process, with customers having to deal with multiple dealerships and haggling over prices."

      Solution

      "Carwow provides an online marketplace where customers can compare offers from multiple dealerships for new and used cars, making the process faster and more efficient."

      Covered on