Summary:
- CarOnSale, a digital B2B marketplace for used car trading based in Berlin, secured €70M in Series C funding.
- The funding round was led by Northzone and HV Capital, with participation from Insight Partners, Stripes, and Creandum.
- CarOnSale plans to use the funds to expand in Europe, improve its product and service offerings, and strengthen its market position.
Article:
CarOnSale Secures €70M in Series C Funding for Expansion
CarOnSale, a Berlin-based digital B2B marketplace specializing in used car trading, has successfully raised €70M in Series C funding. The funding round was spearheaded by Northzone and HV Capital, with additional contributions from Insight Partners, Stripes, and Creandum.
Founded in 2018 by Tom Krüger, Fabian Roth, Oguz Özgüler, and Maximilian Schilling, CarOnSale offers a comprehensive platform that streamlines the process of buying and selling used vehicles. Their integrated solutions include vehicle inspections, logistics, and payment processing, catering specifically to the B2B market.
With the recent injection of funds, CarOnSale is poised for European expansion. The company aims to enhance its existing product and service offerings, as well as solidify its position in the competitive used car trading market. This funding round marks a significant milestone for CarOnSale and paves the way for future growth and success.
Stay tuned for more updates on CarOnSale’s expansion and innovative developments in the used car trading industry.
