About Carketa
Carketa is a company based in Lehi (United States) founded in 2018 by Brady Thurgood.. Carketa has raised $11.78 million across 3 funding rounds from investors including Capital Eleven, Crosslink Capital and Origin Ventures. Carketa offers products and services including Appraising Tool, Buying Inventory, Analyzing Competition, Reconditioning Management, and Pricing Inventory. Carketa operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, Tekion, CDK Global and Seez, among others.
- Headquarter Lehi, United States
- Founders Brady Thurgood
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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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- Legal Name Carketa, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.78 M (USD)
in 3 rounds
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Latest Funding Round
$4.4 M (USD), Series A
Aug 07, 2024
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Investors
Capital Eleven
& 7 more
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Employee Count
Employee Count
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Products & Services of Carketa
Carketa offers a comprehensive portfolio of products and services, including Appraising Tool, Buying Inventory, Analyzing Competition, Reconditioning Management, and Pricing Inventory. 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.
Offers real-time vehicle appraisals to ensure accurate pricing.
Helps dealers identify and source profitable vehicles quickly.
Enables monitoring of competitors' inventory and trends.
Streamlines vehicle reconditioning and team collaboration.
Adjusts vehicle prices using market data for faster sales.
Funding Insights of Carketa
Carketa has successfully raised a total of $11.78M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.4 million completed in August 2024. 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 Series A — $4.4M
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First Round
First Round
(27 Aug 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Carketa | Valuation | Capital Eleven | |
| Nov, 2021 | Amount | Series A - Carketa | Valuation | Origin Ventures | |
| Aug, 2020 | Amount | Seed - Carketa | Valuation | Crosslink Capital |
| 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 Carketa
Carketa has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Capital Eleven, Crosslink Capital and Origin 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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Founded Year | Domain | Location | |
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Venture capital is invested in various sectors by Crosslink Capital.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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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 Carketa
| 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 - Carketa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Carketa Comparisons
Competitors of Carketa
Carketa 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 Upstart, Reynolds and Reynolds, Tekion, CDK Global and Seez, 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 |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
Developer of an online P2P marketplace for used cars
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| domain | founded_year | HQ Location |
Dealership management solutions are provided for automotive dealers.
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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 Carketa
Frequently Asked Questions about Carketa
When was Carketa founded?
Carketa was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Carketa located?
Carketa is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Who is the current CEO of Carketa?
Brady Thurgood is the current CEO of Carketa. They have also founded this company.
Is Carketa a funded company?
Carketa is a funded company, having raised a total of $11.78M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.38M, raised on Aug 27, 2020.
What does Carketa do?
Carketa was founded in 2018 in Lehi, United States, by Brady Thurgood as CEO. Solutions for inventory management in the automotive sector are delivered, covering pricing, reconditioning, inspection processes, reporting tools, and additional features. Operations focus on dealership needs, with the platform supporting efficient inventory handling across the United States.
Who are the top competitors of Carketa?
Carketa's top competitors include Upstart, Reynolds and Reynolds and Seez.
What products or services does Carketa offer?
Carketa offers Appraising Tool, Buying Inventory, Analyzing Competition, Reconditioning Management, and Pricing Inventory.
Who are Carketa's investors?
Carketa has 8 investors. Key investors include Capital Eleven, Crosslink Capital, Origin Ventures, Peak Ventures, and AllegisCyber Capital.
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