4 years ago

Carwow Secures $55 Million to Fuel Growth and International Expansion

  • London-based online car marketplace Carwow has raised $55 million in venture debt funding from US firm Hercules Capital

  • The funding will be used to accelerate technology and platform development, international expansion, and user growth

  • Carwow will also use the funding to create 150 new roles in its 'Sell Your Car' division

  • The company plans to expand its 'Sell Your Car' service to Germany and other global markets.

      • ProblemTechnology

      "Selling your car can be a hassle, with traditional methods involving dealing with multiple buyers, haggling over prices, and navigating paperwork."

      Solution

      "Carwow provides a digital platform that simplifies the car selling process, allowing users to list their vehicles, receive bids from dealers, and complete transactions seamlessly."

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