# CarFit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carfit

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Palo Alto, US
- Website: www.car.fit
- Total disclosed funding: $2.5M
- Latest round: Seed (Oct 16, 2019)
- Investors on record: 5

## About

CarFit Corp. is a cloud computing service provider that specializes in delivering infrastructure and platform solutions to businesses, developers, and IT professionals, ensuring operational efficiency and scalability across various applications.CarFit Corp. was founded in 2016 by Henri-Nicolas OLIVIER and Peter Hauser, headquartered in Palo Alto, US. The company has executed 2 deals, with its most recent deal occurring on October 16, 2019. In this round, CarFit Corp. raised USD 2.50 mn in a Seed round from investors including Benhamou Global Ventures, CarStudio, Groupe Bernard, and Plug and Play Ventures. Henri-Nicolas OLIVIER serves as CEO.CarFit Corp. specializes in providing cloud computing services that cater to a diverse range of end-users, including businesses and IT professionals. Their core offerings include Infrastructure as a Service (IaaS) for deploying and managing virtual servers, storage, and networking, as well as Platform as a Service (PaaS) for application development. The services enhance operational efficiency and scalability, serving customers across North America, Europe, and Asia.CarFit Corp.'s revenue model is primarily subscription-based, derived from its cloud services. Customers select service packages based on their operational requirements, creating a recurring revenue stream. Offerings range from basic storage solutions to advanced computing power, accommodating both individual users and larger organizations, with flagship options priced according to features and scalability.CarFit Corp. plans to leverage its recent Seed funding of USD 2.50 mn to enhance and expand its product offerings, although specific upcoming products and release dates have not been disclosed. The company is focusing on expanding its market presence in new regions, specifically targeting growth in Europe and Asia by 2022, aiming to meet increasing demands for cloud solutions. The capital raised will support the development of new services and market entry strategies.

## Funding rounds

- Seed, Oct 16, 2019 — Plug and Play, CIC Capital
- Seed, Oct 12, 2018, $2.5M — BGV, Plug and Play, CarStudio, Groupe Bernard

## Investors

- BGV (https://capitalatlas.ai/funds/bgv) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- CarStudio (https://capitalatlas.ai/funds/carstudio) — Seed
- Groupe Bernard — Seed
- CIC Capital — Seed