About Cars & Bids
Cars & Bids is a company based in San Diego (United States) founded in 2019 by Doug DeMuro was acquired by TCG Ventures in February 2023.. The company has 15 employees as of December 31, 2022. Cars & Bids operates in a competitive market with competitors including CarLotz, Droom, Copart, Rollick and Edmunds.com, among others.
- Headquarter San Diego, United States
- Employees 15 as on 31 Dec, 2022
- Founders Doug DeMuro
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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 Cars And Bids, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
15
as on Dec 31, 2022
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Acquired by
TCG Ventures
(Feb 06, 2023)
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Funding Insights of Cars & Bids
| 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 Cars & Bids
Cars & Bids has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TCG 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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Diversified investment management is conducted across multiple sectors.
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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 Cars & Bids
| 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 - Cars Bids
| 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 |
Cars & Bids Comparisons
Competitors of Cars & Bids
Cars & Bids 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 CarLotz, Droom, Copart, Rollick and Edmunds.com, 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.
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| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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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 |
Multi-category used vehicles are listed and compared online for consumers.
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| domain | founded_year | HQ Location |
Retail chain of pre-owned car dealerhsips
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Cars & Bids
Frequently Asked Questions about Cars & Bids
When was Cars & Bids founded?
Cars & Bids was founded in 2019.
Where is Cars & Bids located?
Cars & Bids is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
How many employees does Cars & Bids have?
As of Dec 31, 2022, the latest employee count at Cars & Bids is 15.
What does Cars & Bids do?
Cars Bids was founded in 2019 in San Diego, United States, by Doug DeMuro. Online auction services for cars, trucks, and other automotive vehicles are provided via the domain carsandbids.com. Operations focus on the automotive sector, where bidding and sales are managed digitally for buyers and sellers. The platform serves users primarily in the United States, emphasizing classic and enthusiast vehicles.
Who are the top competitors of Cars & Bids?
Who are Cars & Bids's investors?
Cars & Bids has 1 investor. Key investors include TCG Ventures.
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