About Autozen
Autozen is a company based in Canada founded in 2020.. Autozen has raised $8.14 million across 2 funding rounds from investors including Anges Québec and Vanedge Capital. Autozen offers products and services including Car Selling Platform, Valuation Tool, and Auction Process. Autozen operates in a competitive market with competitors including Copart, TRADE X, TradeRev, MintList and Impact Auto Auctions, among others.
- Headquarter Canada
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Autozen Technology Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.14 M (USD)
in 2 rounds
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Latest Funding Round
$3.94 M (USD), Seed
Jun 16, 2022
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Investors
Anges Québec
& 1 more
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Employee Count
Employee Count
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Products & Services of Autozen
Autozen offers a comprehensive portfolio of products and services, including Car Selling Platform, Valuation Tool, and Auction Process. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for valuing and auctioning used cars to dealers.
Tool to estimate used car value based on details.
System where dealers bid on listed vehicles online.
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Funding Insights of Autozen
Autozen has successfully raised a total of $8.14M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.94 million completed in June 2022. 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 Total Funding
- Total Rounds 2
- Last Round Seed — $3.9M
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First Round
First Round
(20 Jan 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Autozen | Valuation | Vanedge Capital | |
| Jan, 2021 | Amount | Seed - Autozen | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Autozen
Autozen has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Anges Québec and Vanedge Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Angel investment network supporting innovative entrepreneurs in Canada.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in US and Canadian companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Autozen
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Autozen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Autozen Comparisons
Competitors of Autozen
Autozen 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, TRADE X, TradeRev, MintList and Impact Auto Auctions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Functions as a B2B trading solution for automotive dealers.
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| domain | founded_year | HQ Location |
Real-time B2B vehicle auctions are conducted online for dealerships.
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| domain | founded_year | HQ Location |
Used cars are listed online with buyer offers facilitated.
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| domain | founded_year | HQ Location |
Operates an app-based platform for auctioning second-hand automobiles.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Autozen
Frequently Asked Questions about Autozen
When was Autozen founded?
Autozen was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Autozen located?
Autozen is headquartered in Canada.
Is Autozen a funded company?
Autozen is a funded company, having raised a total of $8.14M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.2M, raised on Jan 20, 2021.
What does Autozen do?
Autozen was founded in 2020 in Canada as an online peer-to-peer marketplace focused on used cars. Operations center on an auction system where car valuations are generated for owners based on vehicle condition and market factors. Buyers submit bids through the platform, and owners review offers to finalize sales. The service facilitates direct transactions in the automotive sector without intermediaries.
Who are the top competitors of Autozen?
Autozen's top competitors include Copart, Trade Helper and MintList.
What products or services does Autozen offer?
Autozen offers Car Selling Platform, Valuation Tool, and Auction Process.
Who are Autozen's investors?
Autozen has 2 investors. Key investors include Anges Québec, and Vanedge Capital.
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