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.
- Headquarter Bethesda, United States
- Founders Ray Shefska, Arash Soheili, Zach Shefska
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Sectors
Transportation, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.22 M (USD)
in 1 rounds
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Latest Funding Round
$4.22 M (USD), Seed
Jul 26, 2021
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Investors
NextView Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of CarEdge
CarEdge offers a comprehensive portfolio of products and services, including Concierge Service and Car Buying Toolkit. 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.
Assists consumers in securing best car deals through expert negotiation.
Provides guides, data, and insights for informed car purchasing decisions.
Unlock access to complete
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 Total Funding
- Total Rounds 1
- Last Round Seed — $4.2M
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First Round
First Round
(26 Jul 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - CarEdge | Valuation | NextView Ventures , Flybridge Capital Partners |
| 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 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. 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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Seed-stage tech startups are invested in by NextView Ventures.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by Flybridge Capital Partners.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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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 CarEdge
| 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 - CarEdge
| 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 |
Caredge Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Online listing platform for used cars
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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 Caredge
Frequently Asked Questions about CarEdge
When was CarEdge founded?
CarEdge was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is CarEdge located?
CarEdge is headquartered in Bethesda, United States. It is registered at Bethesda, Maryland, United States.
Who is the current CEO of CarEdge?
Zach Shefska is the current CEO of CarEdge. They have also founded this company.
Is CarEdge a funded 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 26, 2021.
What does CarEdge do?
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.
Who are the top competitors of CarEdge?
What products or services does CarEdge offer?
CarEdge offers Concierge Service and Car Buying Toolkit.
Who are CarEdge's investors?
CarEdge has 3 investors. Key investors include NextView Ventures, Flybridge Capital Partners, and Long Journey Ventures.