About Carmigo
Carmigo is a company based in Tupelo (United States) founded in 2020 by Sean Peoples and Andrew Warmath. Carmigo has raised $7 million across 1 funding round from investors including Southern Bancorp and Advantage Capital. Carmigo offers products and services including Online Auto Auction Platform. Carmigo operates in a competitive market with competitors including Carvana, ACV Auctions, CarGurus, CarLotz and Vroom, among others.
- Total Equity Funding$7M (USD)
in 1 rounds
- Latest Funding Round$7M (USD), Series A
Aug 2022
- InvestorsSouthern Bancorp
& 1 more
Products & Services of Carmigo
Carmigo offers a comprehensive portfolio of products and services, including Online Auto Auction Platform.
Platform for online bidding and selling of used vehicles.
Apps and channels of Carmigo
its YouTube channel Carmigo has 442 subscribers and 30 videos.
Videos from Carmigo
The most watched videos on Carmigo's YouTube channel, Carmigo (442 subscribers). Click a video to play it here.
More on Carmigo.
Funding Insights of Carmigo
Carmigo has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Series A round of $7 million completed in August 2022. 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 $7M
- Total Rounds 1
- Last Round Series A — $7M
- First Round $7M
(Aug 2022)
- Investors Count 2
All 1 funding rounds of Carmigo 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 |
|---|---|---|---|---|---|
| Aug 2022 | $7M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Carmigo
Carmigo has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Southern Bancorp and Advantage Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | – | advantagecap.com | New Orleans, United States | |
Commercial banking services are provided across the United States. | 1986 | banksouthern.com | Little Rock, United States |
Investor details for Carmigo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Carmigo
6 people are tracked at Carmigo (3 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Sean Peoples | Co-Founder & CTO | Leadership |
Andrew Warmath | Co-Founder & CEO | Leadership |
Chris Michael | General Manager | Leadership |
Julian Gillis | Developer | Team |
Sonia Scott | Software Engineer | Team |
Tyler Gilbert | Inspector | Team |
Complete people profiles for Carmigo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Carmigo
2 dated milestones of Carmigo across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Carmigo is founded.
- Funding First funding round of $7.0M.
Competitors of Carmigo
Carmigo 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, ACV Auctions, CarGurus, CarLotz and Vroom, 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. | |
| acvauctions.com | 2014 | Buffalo, United States | $350M | 1,674 | B2B online auctions for car dealers' inventory are facilitated. | |
| 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. | |
| 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 Carmigo
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 Carmigo
The website of Carmigo (carmigo.io) receives about 6.7K visits a month.
- Monthly visits6.7K
▲ 14.6% vs previous month
Websites whose visitors overlap most with Carmigo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| car-mart.com | 100% | 330.6K | #123,438 | View details |
Latest news on Carmigo
Complete news archive for Carmigo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
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Similar companies to Carmigo
10 companies that operate in the same segment as Carmigo (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 Carmigo
Carmigo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Carmigo is headquartered in Tupelo, United States. It is registered at Tupelo, Mississippi, United States.
Andrew Warmath is the current CEO of Carmigo. They have also founded this company.
Carmigo is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Series A of $7M, raised on Aug 2022.
Carmigo was established in 2020 in Tupelo, United States, as an online marketplace within the automotive sector. Dealerships are provided with a streamlined platform for buying and selling used vehicles through wholesale channels. Operations focus on facilitating efficient transactions, with services centered on inventory management and secure dealings. The platform supports U.S.-based users primarily, emphasizing practical wholesale solutions for automotive professionals.
Carmigo's top competitors include Carvana, CarLotz and ACV Auctions.
Carmigo offers Online Auto Auction Platform.
Carmigo has 2 investors. Key investors include Southern Bancorp, and Advantage Capital.
Carmigo operates through Carmigo, Inc..