About Car & Away
Car & Away is a company based in High Wycombe (United Kingdom) founded in 2016 by Andy Hibbert.. Car & Away has raised $6.27 million across 3 funding rounds from investors including McGraw Hill, Founders Factory and Adjuvo. The company has 30 employees as of March 31, 2022. Car & Away operates in a competitive market with competitors including Turo, Getaround, HiyaCar, Zoom EV and Karshare, among others.
- Headquarter High Wycombe, United Kingdom
- Employees 30 as on 31 Mar, 2022
- Founders Andy Hibbert
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Carandaway Limited
- Date of Incorporation 08 Feb, 2016
- Jurisdiction BIRMINGHAM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.27 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
McGraw Hill
& 5 more
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Employee Count
30
as on Mar 31, 2022
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Funding Insights of Car & Away
Car & Away has successfully raised a total of $6.27M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(19 Sep 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Private Equity Round - Car & Away | Valuation | McGraw Hill |
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| Jan, 2021 | Amount | Seed - Car & Away | Valuation |
investors |
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| Sep, 2019 | Amount | Seed - Car & Away | Valuation |
investors |
| 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 Car & Away
Car & Away has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include McGraw Hill, Founders Factory and Adjuvo. 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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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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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 Car & Away
| 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 - Car Away
| 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 |
Car & Away Comparisons
Competitors of Car & Away
Car & Away 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 Turo, Getaround, HiyaCar, Zoom EV and Karshare, 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.
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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 Car & Away
Frequently Asked Questions about Car & Away
When was Car & Away founded?
Car & Away was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Car & Away located?
Car & Away is headquartered in High Wycombe, United Kingdom. It is registered at High Wycombe, Buckinghamshire, United Kingdom.
Who is the current CEO of Car & Away?
Andy Hibbert is the current CEO of Car & Away. They have also founded this company.
Is Car & Away a funded company?
Car & Away is a funded company, having raised a total of $6.27M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.37M, raised on Sep 19, 2019.
How many employees does Car & Away have?
As of Mar 31, 2022, the latest employee count at Car & Away is 30.
What does Car & Away do?
Car Away was founded in 2016 in High Wycombe, United Kingdom, within the mobility sector. Peer-to-peer car rental and parking operations are managed at Gatwick Airports, where vehicles are listed by owners for rent during parking in designated lots. Pre-vetted renters access the service via an online platform, providing necessary details for booking. A fixed daily fee is applied to rentals, with payments distributed to vehicle owners.
Who are the top competitors of Car & Away?
Who are Car & Away's investors?
Car & Away has 6 investors. Key investors include McGraw Hill, Founders Factory, Adjuvo, Fullbrook Thorpe Investments, and Nick Wheeler.
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