As part of the investment, Jaidev Shergill, Managing Partner of Capital One Growth Ventures will join Vast’s board of directors.
The company intends to use the funds to grow its product presence while bringing its big data platform to other industries such as real estate.
Founded in 2005 and led by CEO John Price, Vast connects buyers and sellers of cars and homes through data-driven discovery experiences. CarStory.com, he company’s consumer marketplace, utilizes a data platform to understand consumer intent and match each shopper with the right vehicle. It now curates over 3.5 million unique vehicles via a network of over 6,000 participating dealerships nationwide.