About CarNow
CarNow is a company based in Atlanta (United States) founded in 2014 by Bidhan Patnaik, Andy Park, and Tim Cox.. CarNow has raised $30 million across 3 funding rounds from investors including Runway Growth Capital and Sigma Prime Ventures. CarNow offers products and services including Dealer Retail Platform, Chat & Messaging, Digital Retail, Showroom Dealmaker, and ReConnect. CarNow operates in a competitive market with competitors including Digital Air Strike, Xtime, Dealer.com, myKaarma and Rollick, among others.
- Headquarter Atlanta, United States
- Founders Bidhan Patnaik, Andy Park, Tim Cox
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Sectors
TechnologyTransportation, Automotive & Logistics
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Phone
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Website
*********
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Social
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- Legal Name Carnow Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Debt – Conventional
Apr 16, 2024
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Investors
Runway Growth Capital
& 1 more
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Employee Count
Employee Count
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Products & Services of CarNow
CarNow offers a comprehensive portfolio of products and services, including Dealer Retail Platform, Chat & Messaging, Digital Retail, Showroom Dealmaker, and ReConnect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates leads through personalized engagement for automotive sales.
Converts website visitors into leads via interactive chat.
Amplifies trade-ins and credit processes for dealers.
Facilitates quick deal closures from any sales stage.
Automates interactions to maintain customer connections.
Increases conversion rates through effective chat features.
Enhances service support for dealers and customers.
Funding Insights of CarNow
CarNow has successfully raised a total of $30M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $40 million completed in April 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 3
- Last Round Debt – Conventional — $40.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Debt – Conventional - CarNow | Valuation |
investors |
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| Aug, 2021 | Amount | Series A - CarNow | Valuation |
investors |
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| Jun, 2016 | Amount | Seed - CarNow | 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 CarNow
CarNow has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Runway Growth Capital and Sigma Prime Ventures. 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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Venture debt financing is provided to companies across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in US companies.
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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 CarNow
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
Financial Statements - CarNow
| 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 |
Carnow Comparisons
Competitors of CarNow
CarNow 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 Digital Air Strike, Xtime, Dealer.com, myKaarma and Rollick, 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 |
Digital marketing solutions are provided for auto dealerships.
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| domain | founded_year | HQ Location |
Customer engagement tools for automotive dealers are provided.
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| domain | founded_year | HQ Location |
Digital marketing solutions for automotive dealerships are delivered.
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| domain | founded_year | HQ Location |
SaaS-based customer interaction management is provided for dealerships.
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| domain | founded_year | HQ Location |
Omnichannel marketing automation is provided to automotive OEMs and dealers.
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| domain | founded_year | HQ Location |
SaaS-based marketing solutions for automotive dealerships
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Carnow
Frequently Asked Questions about CarNow
When was CarNow founded?
CarNow was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is CarNow located?
CarNow is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is CarNow a funded company?
CarNow is a funded company, having raised a total of $30M across 3 funding rounds to date.
What does CarNow do?
CarNow was established in 2014 in Atlanta, United States, as a SaaS provider in the automotive sector. Digital communication platforms are delivered to dealers, supporting inventory integration, virtual brochures, vehicle comparisons, video embedding, click-to-text messaging, and related functions. Operations focus on streamlining customer interactions through these integrated features across the U.S. market.
What products or services does CarNow offer?
CarNow offers Dealer Retail Platform, Chat & Messaging, Digital Retail, Showroom Dealmaker, and 3 more products and services.
Who are CarNow's investors?
CarNow has 2 investors. Key investors include Runway Growth Capital, and Sigma Prime Ventures.