# Carwow

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

- Industry: Internet
- Headquarters: London, UK
- Website: www.carwow.co.uk
- Total disclosed funding: $120M
- Latest round: Series E (Jul 22, 2024)
- Investors on record: 6

## About

Carwow Ltd. is a UK-based online platform that revolutionizes vehicle transactions by connecting consumers with dealerships, enabling seamless buying and selling of new and used cars while offering competitive pricing and a user-friendly interface.Carwow Ltd. was founded in 2013 in London, UK, as an online marketplace for car transactions. The founders include Adrian Stasiuk, Alexandra Margolis, and David Santoro. The company has successfully completed 9 deals with its latest funding round being a Series E, where it raised GBP 41.010 mn led by Bessemer Venture Partners on July 22, 2024. The total amount raised by Carwow to date stands at GBP 41.010 mn, with a current company valuation of GBP 252.061 mn.Carwow provides a digital platform that simplifies the buying and selling of vehicles. It connects customers with automotive manufacturers and a network of vetted dealers, allowing users to receive competitive offers without traditional haggling. The platform includes tools for selecting vehicles and exploring electric options, catering to a wide audience in the UK, Germany, and Spain, including individual consumers and businesses.In 2022, Carwow generated revenue of GBP 49,346,590.10, although it reported an EBITDA loss of GBP 28,219,486.40 during the same year. The company's revenue model operates on a commission basis, receiving fees from dealerships for each successful sale or lead generated through its platform, thereby maintaining a no-cost structure for users while ensuring a broad selection of vehicles through partnerships with automotive retailers.On July 22, 2024, Carwow Ltd. raised GBP 41 mn in Series E funding to support its strategic growth initiatives. The company plans to enhance its SMC service within the UK and accelerate its operations across Europe. The new funding will be instrumental in developing upcoming products and expanding into new geographic markets, focusing on efficiently scaling its operations in response to the evolving automotive e-commerce landscape.

## Funding rounds

- Series E, Jul 22, 2024, $53M — Accel, Vitruvian Partners, Bessemer Venture Partners, Balderton Capital, Episode 1 Ventures
- Series C, Jul 30, 2017, $39M — Accel, Vitruvian Partners, Balderton Capital
- Series C, Nov 27, 2015, $19M — Accel, Balderton Capital, Samos Investments, Episode 1 Ventures
- Series B, Dec 17, 2014, $7.2M — Balderton Capital, Samos Investments, Episode 1 Ventures
- Series A, Feb 7, 2014, $2M — Balderton Capital, Samos Investments, Episode 1 Ventures

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A, Series B, Series C, Series E
- Samos Investments (https://capitalatlas.ai/funds/samos-investments) — Series A, Series B, Series C
- Episode 1 Ventures (https://capitalatlas.ai/funds/episode-1-ventures) — Series A, Series B, Series C, Series E
- Accel (https://capitalatlas.ai/funds/accel) — Series C, Series E
- Vitruvian Partners (https://capitalatlas.ai/funds/vitruvian-partners) — Series C, Series E
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series E