About Carpool
Carpool is a company based in Atlanta (United States) founded in 2020 by Terrence Jackson, Eric Morris, Joe Norton, and Michael Malakhov.. Carpool has raised $14 million across 2 funding rounds from investors including CarMax, Wavecrest Growth Partners and Devin Daly. Carpool offers products and services including Shipping Platform, Real-Time Tracking, and Automated Dispatch. Carpool operates in a competitive market with competitors including RunBuggy, Autosled, Auto Hauler Exchange, Ship.Cars and ACERTUS, among others.
- Headquarter Atlanta, United States
- Founders Terrence Jackson, Eric Morris, Joe Norton, Michael Malakhov
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series A
Dec 27, 2024
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Investors
CarMax
& 5 more
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Employee Count
Employee Count
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Products & Services of Carpool
Carpool offers a comprehensive portfolio of products and services, including Shipping Platform, Real-Time Tracking, and Automated Dispatch. 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 booking and tracking vehicle shipments efficiently.
Service for monitoring vehicle locations and status updates.
System for streamlined vehicle dispatch and clear delivery estimates.
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Funding Insights of Carpool
Carpool has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in December 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 A — $12.0M
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First Round
First Round
(28 Jul 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Carpool | Valuation | Wavecrest Growth Partners | |
| Jul, 2022 | Amount | Seed - Carpool | Valuation | Atlanta Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Carpool
Carpool has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include CarMax, Wavecrest Growth Partners and Devin Daly. 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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Wavecrest Growth Partners is engaged in providing growth capital and expertise.
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Founded Year | Domain | Location | |
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Venture capital fund and accelerator focused on startups
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Founded Year | Domain | Location | |
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Retailer of used cars
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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 Carpool
| 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 - Carpool
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Carpool Comparisons
Competitors of Carpool
Carpool 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 RunBuggy, Autosled, Auto Hauler Exchange, Ship.Cars and ACERTUS, 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 |
Car shippers and haulers are connected via an online marketplace.
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| domain | founded_year | HQ Location |
An online marketplace for vehicle transport services is operated.
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| domain | founded_year | HQ Location |
Auto shipment services are provided through an exchange platform.
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| domain | founded_year | HQ Location |
Auto transport services are provided via an online marketplace network.
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| domain | founded_year | HQ Location |
A marketplace platform for car shippers and haulers is facilitated.
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| domain | founded_year | HQ Location |
Online marketplace for vehicle transportation
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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 Carpool
Frequently Asked Questions about Carpool
When was Carpool founded?
Carpool was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Carpool located?
Carpool is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Carpool?
Michael Malakhov is the current CEO of Carpool. They have also founded this company.
Is Carpool a funded company?
Carpool is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jul 28, 2022.
What does Carpool do?
Carpool was founded in 2020 in Atlanta, United States, within the logistics sector. An online marketplace is provided for vehicle shipments, enabling shippers to search and book carriers for transporting cars and other vehicles. Carriers are allowed to identify suitable shippers and process payments via the platform. Operations focus on facilitating connections between shippers and carriers across various locations.
Who are the top competitors of Carpool?
What products or services does Carpool offer?
Carpool offers Shipping Platform, Real-Time Tracking, and Automated Dispatch.
Who are Carpool's investors?
Carpool has 6 investors. Key investors include CarMax, Wavecrest Growth Partners, Devin Daly, Michael Quigley, and David Metter.