Autozen Raises $5M+ in Seed Funding


Autozen, a Vancouver, BC, Canada-based used car selling marketplace, closed a seed round of funding of over $5M.

The round was led by Vanedge Capital – with participation from Anges Québec, several super-angels as well as the existing investors.

The company intends to use the funds to accelerate expansion into new markets, both in Canada and the US.

Led by Olivier Vincent, CEO and co-founder, Autozen is a platform that enables car sellers to benefit from hundreds of pre-vetted professional buyers that compete to give them the advantage of the best possible price. Once the offer is accepted, the company takes care of everything else including paperwork, payment and pick-up.

Autozen is currently expanding from its Vancouver origin into Toronto, Calgary and Edmonton – the company is also launching its presence in the US, starting with the Greater Seattle Area.