# CarKeta

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

- Industry: Software
- Headquarters: Lehi, US
- Website: www.carketa.com/
- Total disclosed funding: $11M
- Latest round: Seed (May 7, 2024)
- Investors on record: 8

## About

CarKeta, Inc., based in the US, provides innovative tools to enhance the operational efficiency of car dealerships, focusing on vehicle appraisal, inventory management, and market analysis to optimize sales processes.Founded in 2019 and headquartered in Lehi, US, CarKeta, Inc. specializes in developing a dealer platform for automotive dealers. The founders, Brady Thurgood and Jason Berry, have a history of entrepreneurial ventures. The company has successfully completed three funding rounds, with the latest being a Seed round on May 7, 2024, raising USD 3.458 mn, led by Capital Eleven and participated by Allegis Capital and others. The total amount raised so far is USD 3.458 mn, with a current company valuation of USD 13.439 mn.CarKeta offers a comprehensive end-to-end dealer platform designed to enhance operational efficiency and profitability for car dealerships. Its core product suite includes tools for vehicle appraisal, inventory management, market analysis, and competitive benchmarking, aimed at streamlining the vehicle sourcing and sales processes. The platform enables dealers to identify high-profit vehicles and reduces manual task time through its real-time data and analytics capabilities, serving a client base primarily in North America with an expanding presence in Europe.CarKeta generates revenue through a subscription-based model tailored for B2B transactions. Automotive dealerships subscribe to access the platform's suite of services, choosing from various service plans that include vehicle appraisal and market intelligence tools. The platform facilitates seamless integration into dealership operations, improving inventory management and pricing processes, ultimately driving sales and enhancing operational efficiency.In May 2024, CarKeta, Inc. raised USD 4.4 million in Seed funding, led by Capital Eleven, to accelerate revenue generation and product innovation efforts. The company plans to develop new products aimed at improving dealership operations and expand its market reach into Europe. The funding will support these initiatives, allowing CarKeta to enhance its service offerings and strengthen its position in the automotive dealer space.

## Funding rounds

- Seed, May 7, 2024, $3.5M — Crosslink Capital, Origin Ventures, Peak Venture Partners, Capital Eleven, Allegis Capital
- Seed, Nov 4, 2021, $6M — Crosslink Capital, I2BF, Origin Ventures, Lancaster Capital, Hack VC
- Seed, Aug 19, 2020, $1.4M — Crosslink Capital, Hack VC

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- I2BF (https://capitalatlas.ai/funds/i2bf) — Seed
- Origin Ventures (https://capitalatlas.ai/funds/origin-ventures) — Seed
- Lancaster Capital (https://capitalatlas.ai/funds/lancaster-capital) — Seed
- Peak Venture Partners — Seed
- Capital Eleven (https://capitalatlas.ai/funds/capital-eleven) — Seed
- Allegis Capital — Seed