About Abracar
Abracar is a company based in Munchen (Germany) founded in 2015 by Sebastian Jost and Orhan Koroglu. Abracar has raised $13.34 million across 1 funding round from investors including Allianz X. The company has 5 employees. Abracar operates in a competitive market with competitors including Copart, AUTO1.com, Carwow, HeyCar and InstaMotion, among others.
- Headquarter Munchen, Germany
- Employees 5
- Founders Sebastian Jost, Orhan Koroglu
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website abracar.de
- Social LinkedIn X Facebook
- Legal Name Abracar Gmbh
- Total Equity Funding$13.34M (USD)
in 1 rounds
- Latest Funding Round$13.34M (USD), Series A
Jun 2018
- Investors
- Employee Count5
Funding Insights of Abracar
Abracar has successfully raised a total of $13.34M through 1 strategic funding round. The most recent funding activity was a Series A round of $13.34 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.34M
- Total Rounds 1
- Last Round Series A — $13.34M
- First Round $13.34M
(Jun 2018)
- Investors Count 1
All 1 funding rounds of Abracar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | $13.34M | Series A | – | Allianz X | – |
1 investors in total: 1 institutional.
Investors in Abracar
Abracar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Allianz X.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are funded via venture capital by Allianz-backed Allianz X. | – | allianzx.com | Munich, Germany |
Investor details for Abracar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Abracar
2 people are tracked at Abracar (2 in leadership); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Sebastian Jost | Co-Founder | Leadership |
Orhan Koroglu | Co-Founder & Managing Director | Leadership |
Complete people profiles for Abracar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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Timeline of Abracar
2 dated milestones of Abracar across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Abracar is founded.
- Funding First funding round of $13.3M.
Competitors of Abracar
Abracar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Copart, AUTO1.com, Carwow, HeyCar and InstaMotion, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| copart.com | 1982 | Dallas, United States | – | 10,200 | Used and salvaged vehicles are offered via an online marketplace. | |
| auto1.com | 2012 | Berlin, Germany | $100M | – | AUTO1.com is recognized as Europe’s largest wholesale platform for used cars. | |
| carwow.co.uk | 2010 | London, United Kingdom | $178.4M | 207 | Online marketplace to buy new cars | |
| hey.car | 2017 | Berlin, Germany | – | – | Online B2C listing platform for used cars | |
| instamotion.com | 2015 | Grunwald, Germany | $36.65M | 54 | Online B2C marketplace for buying & selling pre-owned cars | |
| autoda.de | 2011 | Hamburg, Germany | – | – | Online platform for used car sales in Germany | |
| pkw.de | 2007 | Cologne, Germany | – | 5 | Online and app based platform to sell or buy second hand vehicles |
Detailed competitors of Abracar
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Abracar
10 companies that operate in the same segment as Abracar (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about Abracar
Abracar was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Abracar is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Abracar is a funded company, having raised a total of $13.34M across 1 funding round to date. The company's 1st funding round was a Series A of $13.34M, raised on Jun 2018.
Abracar has 5 employees.
Abracar is a peer-to-peer (P2P) marketplace of used cars. The platform offers a free online evaluation of the car and provides an independent expert who carries out a detailed check-up and clicks pictures of the car which are then published on various automotive portals. The company filters the prospective buyers and takes care of the negotiations and schedules the test drives. It also supports the sellers with the conclusion of a legal purchase contract, payment, and transfer and charges a commission of 4 of the selling price with the minimum and maximum price being 399 and 999 respectively.
Abracar has 1 investor. Key investors include Allianz X.
Abracar operates through Abracar Gmbh.