CarCo Technologies
Latest round
- Series A
Last raised
- May 2016
Total raised
- $7.5M
Investors
- 2
About CarCo Technologies
CarCo Technologies, Inc.CarCo Technologies, Inc. was founded in 2015 in Chicago, US. The company operates a digital marketplace focused on the buying and selling of used vehicles. In April 2017, the company was acquired by KAR Auction Services Inc. for USD 43 mn.CarCo Technologies operates as a leading digital marketplace specializing in the buying and selling of used vehicles. Its core offerings facilitate streamlined transactions between automotive dealers and consumers, enhancing vehicle sales through digital tools. The platform allows users to list, bid, and purchase vehicles seamlessly, targeting a diverse clientele that includes dealerships, wholesalers, and individual buyers across North America and Europe.CarCo Technologies generates revenue primarily through transactional fees associated with vehicle sales on its platform and subscription models for premium services offered to dealerships. Revenue comes from fees charged per transaction completed through the marketplace, as well as recurring income from subscription plans that provide enhanced features like advanced analytics and marketing tools. The company is targeting growth in new geographic markets in Europe, with plans to launch within the next two years.
Who invested in CarCo Technologies
2 investors across 1 round
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Funding rounds
Series A
May 25, 2016
Amount
$7.5M
Investors
Questions about CarCo Technologies
Who invested in CarCo Technologies?
CarCo Technologies has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CarCo Technologies raised?
CarCo Technologies has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CarCo Technologies last raise money?
CarCo Technologies's most recent round on record is a Series A, in May 2016.
What does CarCo Technologies do?
CarCo Technologies is a internet company.
Where is CarCo Technologies headquartered?
CarCo Technologies is headquartered in Chicago, US.
Which VCs invest in companies like CarCo Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at CarCo Technologies's stage. Their profiles are linked below.
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