About CarsOnTheWeb
CarsOnTheWeb is a company based in Tienen (Belgium) founded in 2004 was acquired by KAR Global in November 2018. CarsOnTheWeb has raised $2.28 million across 1 funding round from investors including Arkangelsfund, OPENLANE and Vortex. The company has 86 employees as of December 31, 2021. CarsOnTheWeb has completed 1 acquisition, including Car Quality Services. CarsOnTheWeb operates in a competitive market with competitors including AUTO1 Group, ADESA, Auctelia, eCarsTrade and OPENLANE, among others.
- Headquarter Tienen, Belgium
- Employees 86 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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Annual Revenue
$906.02 M (USD)35as on Dec 31, 2021
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.28 M (USD)
in 1 rounds
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Latest Funding Round
$2.28 M (USD), Series A
Dec 17, 2010
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Investors
Arkangelsfund
& 3 more
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Employee Count
86
as on Dec 31, 2021
- Investments & Acquisitions
- Acquired by
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Funding Insights of CarsOnTheWeb
CarsOnTheWeb has successfully raised a total of $2.28M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.28 million completed in December 2010. 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 CarsOnTheWeb
CarsOnTheWeb has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Arkangelsfund, OPENLANE and Vortex.
| Investor | Description | Founded Year | Domain | Location |
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Vortex Capital Partners is focused on software technology investments.
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Operates an online platform connecting investors with businesses for funding opportunities.
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OPENLANE is recognized for building digital marketplaces for used vehicles.
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Locked | Locked | Locked |
Investor details for CarsOnTheWeb
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Investments & Acquisitions by CarsOnTheWeb
CarsOnTheWeb has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Car Quality Services.
Investment portfolio details for CarsOnTheWeb
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provides solutions for wholesale auto auctions and services.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for CarsOnTheWeb
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Financial Statements - CarsOnTheWeb
Detailed financials for CarsOnTheWeb
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Carsontheweb Comparisons
Peer comparison for CarsOnTheWeb
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Competitors of CarsOnTheWeb
CarsOnTheWeb 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 AUTO1 Group, ADESA, Auctelia, eCarsTrade and OPENLANE, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Online B2B marketplace for used cars
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Online B2B marketplace for used cars
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Online auctioneer and direct sales of used industrial machinery and professional equipment
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Functions as an online auction platform for used cars.
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Operates an online platform for used car auctions.
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Detailed competitors of CarsOnTheWeb
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Latest news on Carsontheweb
Complete news archive for CarsOnTheWeb
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Frequently Asked Questions about CarsOnTheWeb
CarsOnTheWeb was founded in 2004 and raised its 1st funding round 6 years after it was founded.
CarsOnTheWeb is headquartered in Tienen, Belgium. It is registered at Tienen, Flemish Brabant, Belgium.
CarsOnTheWeb is a funded company, having raised a total of $2.28M across 1 funding round to date.
As of Dec 31, 2021, the latest employee count at CarsOnTheWeb is 86.
Annual revenue of CarsOnTheWeb is $906.02M as on Dec 31, 2021.
CarsOnTheWeb was founded in 2004 in Tienen, Belgium, and operates as an online platform for used car auctions targeted exclusively at professional dealers and traders. New and used passenger cars, delivery vans, and light trucks are auctioned through the service. The domain carsontheweb.com facilitates these transactions within the automotive sector, focusing on B2B operations across Europe.
CarsOnTheWeb's top competitors include AUTO1 Group, ADESA and Auctelia.
CarsOnTheWeb has made 1 acquisition, including Car Quality Services.
CarsOnTheWeb has 4 investors. Key investors include Arkangelsfund, OPENLANE, Vortex, and ABN AMRO.