About CarNext
CarNext is a company based in Amsterdam (Netherlands) founded in 2017 was acquired by Constellation Automotive Group in October 2021.. CarNext has raised $474.77 million across 2 funding rounds from investors including PGGM, Constellation Automotive Group and ATP. CarNext has completed 1 acquisition, including Automanager. CarNext operates in a competitive market with competitors including AUTO1.com, AutoTrack, viaBOVAG, Gaspedaal and Baja Autos, among others.
- Headquarter Amsterdam, Netherlands
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Sectors
Transportation, Automotive & Logistics
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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
$474.77 M (USD)
in 2 rounds
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Latest Funding Round
$250.64 K (USD), Series D
Jul 26, 2024
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Investors
PGGM
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Constellation Automotive Group
(Oct 14, 2021)
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Funding Insights of CarNext
CarNext has successfully raised a total of $474.77M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $250.64 thousand completed in July 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 2
- Last Round Series D — $250,642
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First Round
First Round
(06 Jul 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series D - CarNext | Valuation |
investors |
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| Jul, 2021 | Amount | Series D - CarNext | Valuation |
investors |
| 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 CarNext
CarNext has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include PGGM, Constellation Automotive Group and ATP. 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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TDR Capital is engaged in private equity investments for sustainable growth.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Long-term value is created through diversified sovereign wealth investments.
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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 CarNext
CarNext has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Automanager. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Lead management solution for auto dealers
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CarNext
| 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 |
Carnext Comparisons
Competitors of CarNext
CarNext 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 AUTO1.com, AutoTrack, viaBOVAG, Gaspedaal and Baja Autos, 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 |
AUTO1.com is recognized as Europe’s largest wholesale platform for used cars.
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| domain | founded_year | HQ Location |
Metasearch platform for new and used automobiles is operated.
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| domain | founded_year | HQ Location |
Online marketplace for purchasing and selling cars, bikes, and vehicles.
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| domain | founded_year | HQ Location |
Functions as a metasearch engine specializing in used car listings.
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| domain | founded_year | HQ Location |
Provides used car sales, import, export, and vehicle trading services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Carnext
Frequently Asked Questions about CarNext
When was CarNext founded?
CarNext was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is CarNext located?
CarNext is headquartered in Amsterdam, Netherlands.
Is CarNext a funded company?
CarNext is a funded company, having raised a total of $474.77M across 2 funding rounds to date. The company's 1st funding round was a Series D of $474.52M, raised on Jul 06, 2021.
What does CarNext do?
Founded in 2017 in Amsterdam, Netherlands, CarNext operates as an online peer-to-peer platform in the used automotive sector. Vehicles are selected by buyers, who choose payment options and arrange delivery or store pickup. Cars are listed for sale by owners through the site. Services including vehicle inspections, guarantees, return policies, and financing options are offered to facilitate transactions.
Who are the top competitors of CarNext?
How many acquisitions has CarNext made?
CarNext has made 1 acquisition, including Automanager.
Who are CarNext's investors?
CarNext has 7 investors. Key investors include PGGM, Constellation Automotive Group, ATP, Goldman Sachs Asset Management, and TDR Capital.
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