Carketa Raises $6M in Seed Funding


Carketa, a Pleasant Grove, Utah-based developer of SaaS applications for the automotive industry, closed a $6M Seed financing round.

The round was led by Origin Ventures and Crosslink Capital with participation from Hack VC, Lancaster, and I2BF.

The company intends to use the funds to expand sales internationally to independent and franchise dealers and accelerate the release of new tools.

Founded in 2019 and led by CEO Brady Thurgood and Jason Berry, Carketa is focused on redefining the used car selling experience enabling independent and franchise automotive dealers to optimize every aspect of their dealerships. Carketa is easy to use, automates the recon process, eliminates bottlenecks, and helps dealers sell more cars faster. With Carketa Recon, a dealer can upload their inventory from their Dealer Management Software (DMS) and manage their vehicles from acquisition to the customer purchase through active inventory management and vehicle valuations. With Carketa Connect, dealers and customers can track the car through the process, often selling the car before it’s frontline ready.