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.
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Handle Corporation
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.3 M (USD)
in 2 rounds
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Latest Funding Round
$2.3 M (USD), Series A
Feb 28, 2023
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Investors
Hankook Tire
& 1 more
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Employee Count
Not available
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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.
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.
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 |
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Startup growth is accelerated through focused accelerator programs by SparkLabs.
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Locked | Locked | Locked | |
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Tires are manufactured and supplied by Hankook Tire worldwide.
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Locked | Locked | Locked |
Investor details for Carmerce
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Investments & Acquisitions by Carmerce
Investment portfolio details for Carmerce
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Financial Statements - Carmerce
Detailed financials for Carmerce
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Carmerce Comparisons
Peer comparison for Carmerce
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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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 year | HQ Location | Description |
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| Locked | Locked | Locked |
App-based B2C marketplace for imported cars
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| Locked | Locked | Locked |
App that provides an auction-based marketplace for new cars
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| Locked | Locked | Locked |
App for obtaining quotes on new cars and aftermarket services.
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Detailed competitors of Carmerce
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Latest news on Carmerce
Complete news archive for Carmerce
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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.