About CarEdge
CarEdge is a company based in Bethesda (United States) founded in 2019 by Ray Shefska, Arash Soheili, and Zach Shefska. CarEdge has raised $4.22 million across 1 funding round from investors including NextView Ventures, Flybridge Capital Partners and Long Journey Ventures. CarEdge offers products and services including Concierge Service and Car Buying Toolkit. CarEdge operates in a competitive market with competitors including Carvana, CarGurus, CarLotz, Vroom and Copart, among others.
- Total Equity Funding$4.22M (USD)
in 1 rounds
- Latest Funding Round$4.22M (USD), Seed
Jul 2021
- InvestorsNextView Ventures
& 2 more
Products & Services of CarEdge
CarEdge offers a comprehensive portfolio of products and services, including Concierge Service and Car Buying Toolkit.
Assists consumers in securing best car deals through expert negotiation.
Provides guides, data, and insights for informed car purchasing decisions.
Apps and channels of CarEdge
its YouTube channel CarEdge has 104K subscribers and 30 videos.
Videos from CarEdge
The most watched videos on CarEdge's YouTube channel, CarEdge (104K subscribers). Click a video to play it here.
More on CarEdge.
Funding Insights of CarEdge
CarEdge has successfully raised a total of $4.22M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.22 million completed in July 2021. 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 $4.22M
- Total Rounds 1
- Last Round Seed — $4.22M
- First Round $4.22M
(Jul 2021)
- Investors Count 3
All 1 funding rounds of CarEdge 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 |
|---|---|---|---|---|---|
| Jul 2021 | $4.22M | Seed | – | NextView Ventures, Flybridge Capital Partners |
3 investors in total: 3 institutional.
Investors in CarEdge
CarEdge has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include NextView Ventures, Flybridge Capital Partners and Long Journey Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage tech startups are invested in by NextView Ventures. | – | nextview.vc | Boston, United States | |
Early-stage tech startups are funded by Flybridge Capital Partners. | – | flybridge.com | New York, United States | |
Venture capital fund focused on multiple sectors | – | longjourney.vc | San Francisco, United States |
Investor details for CarEdge
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
Verified entity values are shown only after access is granted.
People of CarEdge
9 people are tracked at CarEdge (6 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Ray Shefska | Co-Founder | Leadership |
Arash Soheili | Co-Founder | Leadership |
Zach Shefska | Co-Founder & CEO | Leadership |
Anonymous | CEO | Leadership |
Adam Wacenske | Chief Operating Officer | Leadership |
Steve Saed | Chief Financial Officer | Leadership |
Dan Curl | Product Manager | Team |
Santiago Moran | Senior Business Analyst | Team |
Phil N. | Product Manager | Team |
Complete people profiles for CarEdge
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of CarEdge
2 dated milestones of CarEdge across 2 years, from founding to its latest funding, stage changes and deals.
- Founded CarEdge is founded.
- Funding First funding round of $4.2M.
Competitors of CarEdge
CarEdge 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 Carvana, CarGurus, CarLotz, Vroom and Copart, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carvana.com | 2012 | Phoenix, United States | $460M | 37,296 | Pre-owned vehicles are sold online with financing and valuation services. | |
| cargurus.com | 2006 | Cambridge, United States | $1.75M | 843 | Automotive vehicle listings are managed via an app-based platform. | |
| carlotz.com | 2011 | Charlotte, United States | $37.03M | 403 | Used cars are traded via an online consignment platform. | |
| vroom.com | 2013 | New York, United States | $707.61M | 1,613 | Used cars are purchased and resold online through Vroom's platform. | |
| copart.com | 1982 | Dallas, United States | – | 10,200 | Used and salvaged vehicles are offered via an online marketplace. | |
| carsales.com.au | 1998 | Melbourne, Australia | – | – | Online listing platform for used cars | |
| cars.com | 1998 | Chicago, United States | – | 1,784 | Used cars are listed and analyzed on an online platform. | |
| truecar.com | 2005 | Santa Monica, United States | $270.2M | 324 | Online new and used cars listing platform | |
| iaai.com | 1982 | Westchester, United States | – | – | Used cars are auctioned via an app-based B2C marketplace. | |
| droom.in | 2014 | Gurugram, India | $344.27M | 156 | Used vehicles are bought and sold through an AI platform. |
Detailed competitors of CarEdge
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CarEdge
The website of CarEdge (caredge.com) receives about 995.7K visits a month and ranks #40,724 among all websites worldwide, #770 in Automotive Industry.
- Monthly visits995.7K
▲ 6.6% vs previous month
- Unique visitors361.5K
per month
- Global rank#40,724
among all websites
- Category rank#770
Vehicles · Automotive Industry
- Bounce rate32%
- Pages per visit6.9
- Average visit5 min 26 sec
- DevicesDesktop 70% · Mobile 30%
Websites whose visitors overlap most with CarEdge. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cars.usnews.com | cars.usnews.com | 100% | – | #20,830 | – |
| monroneylabels.com | 98% | 320.9K | #173,375 | View details | |
| copart.com | 96% | 12.2M | #2,830 | View details | |
| carfax.com | 90% | 54.2M | #763 | View details | |
| discounttire.com | 88% | – | #6,461 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for CarEdge
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Caredge
Complete news archive for CarEdge
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to CarEdge
10 companies that operate in the same segment as CarEdge (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 CarEdge
CarEdge was founded in 2019 and raised its 1st funding round 2 years after it was founded.
CarEdge is headquartered in Bethesda, United States. It is registered at Bethesda, Maryland, United States.
Zach Shefska is the current CEO of CarEdge. They have also founded this company.
CarEdge is a funded company, having raised a total of $4.22M across 1 funding round to date. The company's 1st funding round was a Seed of $4.22M, raised on Jul 2021.
CarEdge was founded in 2019 and is based in Bethesda, United States. An online platform is operated in the automotive sector, enabling car purchases, sales, insurance, financing, and protection. Tools including an out-the-door price calculator and valuation reports are supplied to support decision-making. Extended warranties are available, and educational resources on price negotiation and buying preparation are provided to users.
CarEdge offers Concierge Service and Car Buying Toolkit.
CarEdge has 3 investors. Key investors include NextView Ventures, Flybridge Capital Partners, and Long Journey Ventures.
The website of CarEdge receives about 996 thousand visits a month and ranks #40,724 among all websites worldwide.