CarWoo! Closes $6M Series A Financing
CarWoo!, a Burlingame, CA-based car buying marketplace, has closed an over $6m Series A financing.
The round was led by Interwest Partners, with participation by Comcast Interactive Capital, Blumberg Capital, Accelerator Ventures, Raymond Tonsing and Dillon McDonald.
Previously the company had obtained seed financing upon completion of the Y Combinator program in late 2009. The seed financing was led by Comcast Interactive Capital with participation from Blumberg Capital, Accelerator Ventures and a number of angels and prominent individuals, including Paul Buchheit, Joshua Schachter, Aydin Senkut and Dave McClure.
Founded in 2009 by serial entrepreneurs Tommy McClung, Erik Landerholm and Michael Young, CarWoo! allows buyers to receive firm offers on new cars anonymously from multiple competing dealers.
This capital infusion will allow the company to continue to enhance and expand the service.