Carwow, a London, UK-based online platform for buying new cars, secured £4.6m in Series A funding.
The round was led by Balderton Capital with participation from Episode 1 Ventures and Samos Investments.
The company intends to use the funds to expand the team, roll out above-the-line advertising campaigns and start exploring new markets.
Co-founded by James Hind, CEO, Alexandra Margolis and David Santoro and officially launched in February 2014, carwow enables consumers to compare new cars from multiple dealers online. They can also get in touch with their chosen dealer and buy direct.
The company has a team of twenty people.