About Carmerce
Carmerce is a company founded in 2020. It operates as a Marketplace and B2C. Carmerce has raised $2.3 million across 2 funding rounds from investors including Hankook Tire and SparkLabs. Carmerce offers products and services including Car Selling Service and Car Buying Service. Carmerce operates in a competitive market with competitors including Carby, Getcha and Semoprice, among others.
- SectorsTransportation, Automotive & Logistics
- Emailโขโขโขโขโขโขโขโข
- Website carmerce.co.kr
- Social Facebook Instagram YouTube
- Legal Name Handle Corporation
- Total Equity Funding$2.3M (USD)
in 2 rounds
- Latest Funding Round$2.3M (USD), Series A
Feb 2023
- InvestorsHankook Tire
& 1 more
Products & Services of Carmerce
Carmerce offers a comprehensive portfolio of products and services, including Car Selling Service and Car Buying Service.
App-based service for evaluating and auctioning used cars securely.
Platform for proposing prices and buying used cars with guarantees.
Apps and channels of Carmerce
its YouTube channel 카머스 CARMERCE has 94 subscribers and 5 videos.
Videos from Carmerce
The most watched videos on Carmerce's YouTube channel, 카머스 CARMERCE (94 subscribers). Click a video to play it here.
More on 카머스 CARMERCE.
Funding Insights of Carmerce
Carmerce has successfully raised a total of $2.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.3 million completed in February 2023. 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 $2.3M
- Total Rounds 2
- Last Round Series A โ $2.3M
- Investors Count 2
All 2 funding rounds of Carmerce 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 |
|---|---|---|---|---|---|
| Feb 2023 | $2.3M | Series A | โ | Hankook Tire | โ |
| Sep 2022 | – | Seed | โ | SparkLabs | โ |
2 investors in total: 2 institutional.
Investors in Carmerce
Carmerce has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Hankook Tire and SparkLabs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup growth is accelerated through focused accelerator programs by SparkLabs. | – | sparklabs.co.kr | Seoul, South Korea | |
Tires are manufactured and supplied by Hankook Tire worldwide. | 1941 | hankooktire.com | Seoul, South Korea |
Investor details for Carmerce
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.
Timeline of Carmerce
3 dated milestones of Carmerce across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Carmerce is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $2.3M.
Competitors of Carmerce
Carmerce 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 Carby, Getcha and Semoprice, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carby.co.kr | 2015 | – | – | – | App-based B2C marketplace for imported cars | |
| getcha.kr | 2015 | Seoul, South Korea | $9.62M | – | App that provides an auction-based marketplace for new cars | |
| semoprice.com | 2017 | Seongnam-si, South Korea | – | – | App for obtaining quotes on new cars and aftermarket services. |
Detailed competitors of Carmerce
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 Carmerce
The website of Carmerce (carmerce.co.kr) receives about 10.3K visits a month.
- Monthly visits10.3K
▲ 983.5% vs previous month
Similar companies to Carmerce
10 companies that operate in the same segment as Carmerce (Automotive Technology & Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Cloud-based ERP software is provided for automotive and manufacturing sectors. | 1972 | Austin, Texas, United States | USD 229.28 M | – | 834 | |
Predictive marketing and sales platform | 1990 | San Francisco, California, United States | USD 332.76 M | – | – | |
Digital media recognition solutions are provided for content management. | 1993 | Emeryville, California, United States | USD 50.99 M | – | 248 | |
AI-driven dashcams and road safety solutions are provided for drivers. | 2015 | Tel Aviv, Israel | USD 149.5 M | – | – | |
Dash cameras and automotive accessories are supplied by Nextbase. | 1999 | United Kingdom | USD 12.56 M | – | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – | |
Automotive insurance is delivered via an online platform. | 2016 | Chicago, Illinois, United States | USD 457.2 M | – | – | |
AI-powered imaging for vehicle photography is provided by the platform. | 2018 | Gurugram, Haryana, India | USD 25.57 M | – | – |
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Frequently Asked Questions about Carmerce
Carmerce was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Carmerce is a funded company, having raised a total of $2.3M across 2 funding rounds to date.
Carmerce operates an online platform that enables users to buy and sell used cars via app evaluations, auctions, and non-contact negotiations. It ensures high prices for sellers without depreciation and allows buyers to propose prices based on their budget. Located in Yongin-si, South Korea, the service focuses on safe, efficient transactions for individual customers, including performance guarantees.
Carmerce offers Car Selling Service and Car Buying Service.
Carmerce has 2 investors. Key investors include Hankook Tire, and SparkLabs.
Carmerce operates through Handle Corporation.