About Carro
Carro is a Retail company based in New York (United States) founded in 2019. Multi-category products are provided via an online B2B platform. It operates on a Two-Sided Marketplace model. Carro has raised $59.6 million across 2 funding rounds from investors including D. E. Shaw Group, All Iron and RiverPark Ventures. The company has 3 employees. Carro offers products and services including Carro Platform, Abound Marketplace, and Droply Dropshipping. Its focus areas include Technology, E-commerce and Collaborative Commerce. Its legal entity is Abound Limited. Its competitors include VTEX, Trace One and Foundation; 3 of its 3 listed competitors have raised funding.
Company details
Carro is established as a prominent platform in collaborative commerce, connecting thousands of top direct-to-consumer brands with retailers. The platform is utilized to access hundreds of thousands of products and reach over 85 million unique shoppers. Services are expanded through the acquisition of Abound, a wholesale marketplace, and Droply, a dropshipping platform. Solutions are provided for both suppliers and retailers to integrate seamlessly with Shopify storefronts, fostering partnerships in the e-commerce sector.
- Headquarters New York, United States
- Employees 3
- SectorsRetail
- Website helloabound.com
- Social LinkedIn X
- Legal Name Abound Limited
- Net Profit-$273.12 K (USD)as on Dec 31, 2020
- Total Equity Funding$59.6M (USD)
in 2 rounds
- Latest Funding Round$36.7M (USD), Series B
Nov 2021
- InvestorsD. E. Shaw Group
& 5 more
- Employee Count3
Products & Services of Carro
Carro offers a comprehensive portfolio of products and services, including Carro Platform, Abound Marketplace, and Droply Dropshipping.
A platform connecting retailers and suppliers seamlessly online.
A marketplace for retailers to source wholesale products.
A dropshipping platform for retailers and emerging brands.
Funding Insights of Carro
Carro has successfully raised a total of $59.6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $36.7 million completed in November 2021. 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 $59.6M
- Total Rounds 2
- Last Round Series B — $36.7M
- First Round $22.9M
(Dec 2020)
- Investors Count 6
All 2 funding rounds of Carro 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 |
|---|---|---|---|---|---|
| Nov 2021 | $36.7M | Series B | – | D. E. Shaw Group, All Iron | |
| Dec 2020 | $22.9M | Series A | – | Left Lane |
6 investors in total: 6 institutional.
Investors in Carro
Carro has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include D. E. Shaw Group, All Iron and RiverPark Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in seed and series A | alliron.vc | Bilbao, Spain | ||
Venture capital firm backed by RiverPark Funds group | riverparkvc.com | New York, United States | ||
Investments are directed toward high-growth consumer and internet technology companies. | leftlane.com | Brooklyn, United States | ||
Multinational investment management services are provided globally. | 1988 | deshaw.com | New York, United States | |
Provides brand strategy, digital experiences, and marketing for innovative businesses worldwide. | 2007 | redantler.com | Brooklyn, United States |
Investor details for Carro
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People of Carro
1 people are tracked at Carro (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
David Perry | CEO & Co-Founder | Leadership |
Complete people profiles for Carro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Carro
3 dated milestones of Carro across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Carro is founded.
- Funding First funding round of $22.9M.
- Funding Latest funding round, Series B, of $36.7M.
Competitors of Carro
Carro has 3 listed competitors in our database, 3 of them funded. They include VTEX, Trace One and Foundation.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vtex.com | 2000 | New York, United States | $365M | 27 | SaaS-based collaborative commerce solutions are provided for brands and retailers. | |
| traceone.com | 2001 | Boston, United States | $6.4M | 8 | Project, product quality and supply chain visibility solutions | |
| getfoundation.com | 2022 | Bellevue, United States | $3M | Tech-enabled multi-category solutions are offered to enterprises. |
Detailed competitors of Carro
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Web traffic of Carro
The website of Carro (helloabound.com) receives about 5.4K visits a month.
- Monthly visits5.4K
▼ 47.5% vs previous month
Websites whose visitors overlap most with Carro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
tundra.com | tundra.com | 100% | #3,049,221 | – | |
| wholesaleinabox.com | 82% | 9.6K | #2,254,242 | View details | |
| tradeb2b.net | 79% | #2,119,014 | View details | ||
| joinabound.com | 30% | 46.2K | #733,047 | View details |
Top companies in B2B Marketplaces & Wholesale
3 companies that operate in the same segment as Carro (B2B Marketplaces & Wholesale) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category products are facilitated through an online B2B cross-border marketplace. | 1999 | New York, New York, United States | USD 144.12 B | 124,320 | ||
Online catering marketplace for enterprises | 2007 | Boston, Massachusetts, United States | USD 435.92 M | 923 | ||
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 |
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Related news about Carro
Complete news archive for Carro
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Frequently Asked Questions about Carro
Carro was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Carro is headquartered in New York, United States. It is registered at New York, New York, United States.
Carro is a funded company, having raised a total of $59.6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $22.9M, raised on Dec 2020.
Carro has 3 employees.
Carro is established as a prominent platform in collaborative commerce, connecting thousands of top direct-to-consumer brands with retailers. The platform is utilized to access hundreds of thousands of products and reach over 85 million unique shoppers. Services are expanded through the acquisition of Abound, a wholesale marketplace, and Droply, a dropshipping platform. Solutions are provided for both suppliers and retailers to integrate seamlessly with Shopify storefronts, fostering partnerships in the e-commerce sector.
Carro's top competitors include VTEX, Trace One and Foundation.
Carro offers Carro Platform, Abound Marketplace, and Droply Dropshipping.
Carro has 6 investors. Key investors include D. E. Shaw Group, All Iron, RiverPark Ventures, PointState Capital, and Left Lane Capital.
Carro operates through Abound Limited.