About CarNext
CarNext is a Transportation, Automotive & Logistics company based in Amsterdam (Netherlands) founded in 2017, and was acquired by Constellation Automotive Group in October 2021. Used cars are traded via an online P2P marketplace. 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. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its competitors include AutoTrack, viaBOVAG and Gaspedaal.
Company details
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.
- Headquarters Amsterdam, Netherlands
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website carnext.com
- Social LinkedIn X Facebook
- Acquired by Constellation Automotive Group (Oct 2021)
- Total Equity Funding$474.77M (USD)
in 2 rounds
- Latest Funding Round$250.64K (USD), Series D
Jul 2024
- InvestorsPGGM
& 6 more
- Investments & Acquisitions
- Acquired byConstellation Automotive Group
(Oct 2021)
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 $474.77M
- Total Rounds 2
- Last Round Series D — $250,642
- First Round $474.52M
(Jul 2021)
- Investors Count 6
All 2 funding rounds of CarNext 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 |
|---|---|---|---|---|---|
| Jul 2024 | $250,642 | Series D | – | – | – |
| Jul 2021 | $474.52M | Series D | – | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TDR Capital is engaged in private equity investments for sustainable growth. | tdrcapital.com | London, United Kingdom | ||
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Long-term value is created through diversified sovereign wealth investments. | adia.ae | Abu Dhabi, United Arab Emirates | ||
Pensions are administered and assets are managed for various funds. | 2012 | pggm.nl | Utrecht, Netherlands | |
Global asset management and investment solutions are provided. | 1989 | gsam.com | London, United Kingdom | |
Pension fund services are provided to Danish workers and retirees. | 1964 | atp.dk | Hillerod, Denmark | |
Car marketplace services are provided by Constellation Automotive Group. | 1946 | constellationautomotive.com | Hook, United Kingdom |
Investor details for CarNext
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People of CarNext
1 people are tracked at CarNext (1 in leadership).
| Name | Role | Group |
|---|---|---|
Sophie Krishnan | chief executive officer | Leadership |
Complete people profiles for CarNext
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Investments & Acquisitions by CarNext
CarNext has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Automanager.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Lead management solution for auto dealers | automanager.app | Brasschaat, Belgium | 2015 | Jul 2019 | •••• |
Complete acquisition details for CarNext
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- Exports
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Timeline of CarNext
5 dated milestones of CarNext across 7 years, from founding to its latest funding, stage changes and deals.
- Founded CarNext is founded.
- Acquisition Acquires Automanager.
- Funding First funding round of $474.5M.
- Exit Acquired by Constellation Automotive Group.
- Funding Latest funding round, Series D, of $251K.
Competitors of CarNext
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autotrack.nl | 2000 | Amsterdam, Netherlands | Metasearch platform for new and used automobiles is operated. | |||
| viabovag.nl | 2018 | Bunnik, Netherlands | Online marketplace for purchasing and selling cars, bikes, and vehicles. | |||
| gaspedaal.nl | 2005 | Amsterdam, Netherlands | Functions as a metasearch engine specializing in used car listings. |
Detailed competitors of CarNext
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Web traffic of CarNext
Websites that share an audience with CarNext (carnext.com).
Websites whose visitors overlap most with CarNext. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
autoexpo-portal.de | autoexpo-portal.de | 100% | #917,903 | – | |
de.bca-europe.com | de.bca-europe.com | 97% | – | ||
autorola.pl | autorola.pl | 96% | #331,052 | – | |
| carmanager.be | 59% | 680.7K | #6,654,249 | View details | |
| leaseplan.com | 39% | 122.1K | #373,892 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for CarNext
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Related news about Carnext
Complete news archive for CarNext
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Frequently Asked Questions about CarNext
CarNext was founded in 2017 and raised its 1st funding round 4 years after it was founded.
CarNext is headquartered in Amsterdam, Netherlands.
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 2021.
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.
CarNext has made 1 acquisition, including Automanager.
CarNext has 7 investors. Key investors include PGGM, Constellation Automotive Group, ATP, Goldman Sachs Asset Management, and TDR Capital.
Yes. CarNext was acquired by Constellation Automotive Group in October 2021.