CarOnSale, the B2B platform for the digitalization of the European used car trade, has received €70 million in a Series C round led by Northzone to expand across Europe, grow its team and further develop its AI-powered infrastructure for cross-border vehicle trading.
CarOnSale secures EUR 70 million Series C financing round
CarOnSale has closed a €70 million Series C financing led by Northzone to further develop its digital B2B platform for the professional used car trade, expand across Europe and strengthen its team.
London VC Northzone leads €70M bet on Berlin's CarOnSale to digitize Europe's €450B used car market
CarOnSale, the Berlin-based automotive tech startup for professional used car trading, has raised €70 million in a Series C funding round led by Northzone to drive its expansion in Europe, further develop its product and build its fully integrated platform into the leading digital solution for cross-border vehicle transactions in the fragmented €450 billion market.
CarOnSale, the digital B2B marketplace for the used car trade from Berlin, has raised 70 million euros in a Series C round led by Northzone and HV Capital to drive its expansion in Europe, expand its product offering and further strengthen its market position.
CarOnSale secures €70M in Series C for cross-border used car trading
CarOnSale, the B2B marketplace for the professional used car trade, has closed a €70 million Series C financing led by Northzone and now plans to expand its team and further develop its digital infrastructure to efficiently and seamlessly handle cross-border vehicle transactions.
Berlin-based CarOnSale raises €70 million to develop their used car platform
CarOnSale, the digital B2B marketplace for the professional used car trade, has closed a €70 million Series C financing round to drive its expansion in Europe and establish itself as a leading platform in the fragmented used car market with integrated software for inspection, logistics and payment processing.
CarOnSale cooperates with Mercedes-Benz for digital B2B vehicle auctions
CarOnSale and Mercedes-Benz have launched an exclusive B2B auction platform for lease returns that offers commercial dealers in Europe digital, multi-level access to vehicle auctions with fully integrated processing and will be rolled out gradually across Europe.
CarOnSale raises €70 million in Series C - Northzone joins as new investor
CarOnSale, the leading digital B2B marketplace for used car trading, has successfully closed a €70 million Series C round. The round was led by new investor Northzone, together with existing lead investor HV Capital, and was further supported by Insight Partners, Stripes, and Creandum.
CarOnSale receives 70 million euros in Series C - Northzone joins as new investor
CarOnSale, the leading digital marketplace for B2B used car trading, has successfully closed a Series C round totaling €70 million. The round was led by Northzone as new lead investor together with existing investor HV Capital and received additional support from Insight Partners, Stripes and Creandum.
The new guaranteed price already supports CarOnSale sellers when purchasing used cars and eliminates the purchase risk through a guaranteed remarketing price of the respective vehicle on the auction platform.
The ongoing Corona pandemic and the chip shortage significantly affected used car dealers in 2021. The slumps are not as severe as many expected, however.