# SimpliGO

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

- Industry: Internet
- Headquarters: Buenos Aires, Argentina
- Website: www.karvi.com.ar
- Total disclosed funding: $10M
- Latest round: Series A (Jun 8, 2021)
- Investors on record: 4

## About

SimpliGO SA specializes in simplifying the vehicle buying process by offering both new and used vehicles, along with a platform that provides essential vehicle history and insights to consumers and dealerships.Founded in 2017 in Buenos Aires, Argentina, SimpliGO SA focuses on enhancing the car purchasing experience through its comprehensive platform. The company has completed 2 deals, including a notable Series A funding round in June 2021, where it raised USD 10.000 mn led by Pelham Capital, with participation from Inti Capital, Launchpad Venture Group, and Luxor Capital Group. The company was established by Daniel Nino, J. Caporal, Matias Barrio, and Matias Rossetto, with Matias Barrio serving as the CEO.SimpliGO SA, through its brand Karvi, focuses on the sale of both new and used vehicles, emphasizing the importance of vehicle history as a key component of its offerings. The company provides a comprehensive platform designed to simplify the car buying process, offering detailed guides, resources, and insights tailored to assist potential customers in assessing vehicle conditions and evaluating financing options. Karvi targets a diverse client base that includes individual consumers and automotive dealerships, primarily in Argentina and potentially other Latin American markets, aiming to enhance the overall transparency of the vehicle purchasing experience.SimpliGO SA generates revenue primarily through transaction-based interactions with clients, which include individual consumers and automotive dealerships. Revenue streams include direct vehicle sales and service fees for facilitating transactions between buyers and sellers, with a detailed vetting process that provides customers with comprehensive vehicle histories. The pricing structure for vehicle sales is competitive, reflecting market demand.In June 2021, SimpliGO SA raised USD 10.000 mn in Series A funding, led by Pelham Capital, to support its growth strategy. The company plans to utilize this funding to double both its staff and active dealership network by 2022, aiming to expand its market presence. SimpliGO SA is focused on launching new products designed to enhance user experience and is exploring expansion into additional geographic regions within Latin America.

## Funding rounds

- Series A, Jun 8, 2021, $10M — Luxor Capital Group, Launchpad Venture Group, Inti Capital, Pelham capital

## Investors

- Luxor Capital Group (https://capitalatlas.ai/funds/luxor-capital-group) — Series A
- Launchpad Venture Group (https://capitalatlas.ai/funds/launchpad-venture-group) — Series A
- Inti Capital — Series A
- Pelham capital — Series A