Carpool Logistics, an Atlanta, GA-based provider of a vehicle logistics platform, raised $12M in Series A funding.
The round was led by Wavecrest Growth Partners, with participation from CarMax, Impel founders Devin Daly and Michael Quigley, as well as automotive industry veteran David Metter.
The company intends to use the funds to accelerate its growth across multiple fronts:
- enhancing the technology platform,
- expanding product development,
- optimizing logistics capabilities,
- and scaling sales and marketing efforts to drive customer acquisition and market expansion.
Led by CEO and Founder Mike Malakhov, Carpool Logistics is a vehicle shipping marketplace connecting auto haulers with shippers, including auto auctions, dealerships, manufacturers, and fleets to streamline logistics, lower costs, and reduce emissions.
Since its inception, Carpool has expanded its customer base to over 1,800 clients, including auto auctions, dealerships, manufacturers, and fleets, and has shipped more than 150,000 vehicles. Previously, the company raised a $3.5 million seed round from Atlanta Ventures and Overline Ventures in 2022.
FinSMEs
12/03/2025