About CarOnSale
CarOnSale is a company based in Berlin (Germany) founded in 2019 by Oguz Ozguler, Fabian D Roth, and Tom Kruger.. CarOnSale has raised $160.16 million across 4 funding rounds from investors including HV Capital, Stripes and Creandum. The company has 42 employees as of December 31, 2020. CarOnSale offers products and services including B2B Marketplace Platform and Auction Service. CarOnSale operates in a competitive market with competitors including Copart, Yamaha Corporation, AUTO1.com, Carwow and Pendragon, among others.
- Headquarter Berlin, Germany
- Employees 42 as on 31 Dec, 2020
- Founders Oguz Ozguler, Fabian D Roth, Tom Kruger
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Castle Tech Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$160.16 M (USD)
in 4 rounds
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Latest Funding Round
$82.41 M (USD), Series C
Jul 07, 2025
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Investors
HV Capital
& 4 more
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Employee Count
42
as on Dec 31, 2020
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Products & Services of CarOnSale
CarOnSale offers a comprehensive portfolio of products and services, including B2B Marketplace Platform and Auction Service. 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.
Platform for auctioning and trading used cars among dealers.
Service for bidding on used vehicles with guaranteed prices.
Funding Insights of CarOnSale
CarOnSale has successfully raised a total of $160.16M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $82.41 million completed in July 2025. 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 4
- Last Round Series C — $82.4M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series C - CarOnSale | Valuation | Northzone | |
| Nov, 2021 | Amount | Series B - CarOnSale | Valuation | HV Capital , Stripes | |
| Nov, 2020 | Amount | Series A - CarOnSale | 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 CarOnSale
CarOnSale has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include HV Capital, Stripes and Creandum. 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 capital funding is provided to digital company founders.
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Founded Year | Domain | Location | |
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Global investments are made in product-led growth companies.
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Founded Year | Domain | Location | |
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Venture capital investments and support services are offered to early-stage tech startups.
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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 CarOnSale
| 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 - CarOnSale
| 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 |
Caronsale Comparisons
Competitors of CarOnSale
CarOnSale 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 Copart, Yamaha Corporation, AUTO1.com, Carwow and Pendragon, 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 |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Multinational corporation and conglomerate company
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| 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 |
Online marketplace to buy new cars
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| domain | founded_year | HQ Location |
Car dealership, repair, and leasing services are provided.
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| domain | founded_year | HQ Location |
Integrated solutions for fleet management and vehicle tracking
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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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Frequently Asked Questions about CarOnSale
When was CarOnSale founded?
CarOnSale was founded in 2019.
Where is CarOnSale located?
CarOnSale is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of CarOnSale?
Tom Kruger is the current CEO of CarOnSale. They have also founded this company.
Is CarOnSale a funded company?
CarOnSale is a funded company, having raised a total of $160.16M across 4 funding rounds to date. The company's 1st funding round was a Series A of $17.75M, raised on Jun 01, 2019.
How many employees does CarOnSale have?
As of Dec 31, 2020, the latest employee count at CarOnSale is 42.
What does CarOnSale do?
Founded in 2019 and based in Berlin, Germany, the company operates as a B2B marketplace in the automotive sector. Transactions for used vehicles are streamlined through digital tools that handle vehicle intake, assessment, auctions, transport, and claims management. Support is provided across the buying and selling process, with structured data interfaces used to connect licensed dealers and professional traders.
Who are the top competitors of CarOnSale?
CarOnSale's top competitors include Copart, Carwow and Yamaha Corporation.
What products or services does CarOnSale offer?
CarOnSale offers B2B Marketplace Platform and Auction Service.
Who are CarOnSale's investors?
CarOnSale has 5 investors. Key investors include HV Capital, Stripes, Creandum, Insight Partners, and Northzone.
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