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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
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.
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Venture debt financing is provided to companies across multiple sectors.
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Early-stage venture capital is invested in US companies.
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Investor details for CarNow
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- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by CarNow
Investment portfolio details for CarNow
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Financial Statements - CarNow
Detailed financials for CarNow
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Carnow Comparisons
Peer comparison for CarNow
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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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.
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Digital marketing solutions are provided for auto dealerships.
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Customer engagement tools for automotive dealers are provided.
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Digital marketing solutions for automotive dealerships are delivered.
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SaaS-based customer interaction management is provided for dealerships.
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Omnichannel marketing automation is provided to automotive OEMs and dealers.
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SaaS-based marketing solutions for automotive dealerships
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Detailed competitors of CarNow
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
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Latest news on Carnow
Complete news archive for CarNow
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about CarNow
CarNow was founded in 2014 and raised its 1st funding round 2 years after it was founded.
CarNow is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
CarNow is a funded company, having raised a total of $30M across 3 funding rounds to date.
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.
CarNow offers Dealer Retail Platform, Chat & Messaging, Digital Retail, Showroom Dealmaker, and 3 more products and services.
CarNow has 2 investors. Key investors include Runway Growth Capital, and Sigma Prime Ventures.