CarOnSale
Latest round
- Series C
Last raised
- Apr 2025
Total raised
- $155M
Investors
- 7
About CarOnSale
Founded in 2018 in Berlin, Germany, Castle Tech GmbH is a pioneering company in the used car marketplace sector. The company was formed by founders Fabian Roth, Oguz Özgüler, and Tom Krüger, with Tom Krüger currently serving as the CEO. Castle Tech GmbH has completed a total of 4 deals, with the most recent deal occurring on October 22, 2021.CarOnSale operates a comprehensive B2B marketplace specifically designed for the used car trade across Europe. The platform facilitates the buying and selling of vehicles for licensed dealers (consignors) and professional car dealers (buyers), streamlining the entire process from vehicle collection to auction and transportation. Key functionalities include the COSCheck, which provides detailed and transparent vehicle information, thus ensuring confidence in online purchases. The marketplace exclusively features vehicles from licensed dealers and original equipment manufacturers (OEMs), with a particular focus on high-quality German premium vehicles as well as budget options.CarOnSale's revenue model is structured around facilitating transactions between vehicle consignors and buyers through its digital platform. The company generates revenue by charging fees associated with auctions and vehicle remarketing services, leveraging its extensive buyer network to secure optimal bids for clients. The transaction structure is primarily based on a commission model, where consignors benefit from a guaranteed price for their vehicles, supported by the AlphaController system that ensures efficient processing and accurate pricing based on real sales data. This end-to-end solution streamlines the vehicle marketing process and enhances profitability for both sellers and buyers, contributing to CarOnSale's position in the European used car market. The company is focused on expanding into additional European markets, specifically targeting the United Kingdom and Spain by the end of 2023.
Who invested in CarOnSale
7 investors across 5 rounds
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Questions about CarOnSale
Who invested in CarOnSale?
CarOnSale has 7 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CarOnSale raised?
CarOnSale has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did CarOnSale last raise money?
CarOnSale's most recent round on record is a Series C, in Apr 2025.
What does CarOnSale do?
Founded in 2018 in Berlin, Germany, Castle Tech GmbH is a pioneering company in the used car marketplace sector.
Where is CarOnSale headquartered?
CarOnSale is headquartered in Berlin, Germany.
Which VCs invest in companies like CarOnSale?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back internet companies at CarOnSale's stage. Their profiles are linked below.
VCs backing internet startups at Series C
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