Gettacar Raises $25M in Funding

Gettacar, a Philadelphia, PA-based online car buying startup, raised $25m in funding, bringing the total raised to $48m.

The round was led by 3L and Luxor Capital, with participation from Torch Capital.

The company will use the new funding to continue investing in the customer experience, expand into additional markets, and product development.

Led by Yossi Levi, Founder and CEO, Gettacar is an online car buying startup currently available in seven markets in the U.S. including New York and Washington DC.

Car buyers can buy online in as little as 12 minutes, get real-time online financing options, and have seven days to decide whether they’d like to keep the car. Every vehicle comes with the guarantee, the 365-day bumper-to-bumper protection and maintenance package.

The company currently has 150 employees with offices in the Greater Philadelphia area and Tel Aviv, Israel.