Carwow, a London, UK-based platform to to find and buy a car, raised $39m (approx. £29.7m) in funding.
The round was led by Vitruvian Partners, with participation from existing investors Accel Partners and Balderton Capital.
The company, which has raised £48.7m in total funding to date, intends to use the funds to expand operations, increase its marketing efforts, build the dealer network and grow abroad.
Founded in 2010 by James Hind (CEO) & Alexandra Margolis (Creative Director), and David Santoro (CTO), Carwow provides a platform to:
– Find and buy a new car;
– Compare offers based on price, location and dealer rating;
– Get the dealer’s best price up front; and
– Contact and buy from a preferred dealer.