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
***********
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Phone
*********
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Website
*********
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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
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EBITDA
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $2.3M
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First Round
First Round
(17 Dec 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2010 | Amount | Series A - CarsOnTheWeb | Valuation | Arkangelsfund |
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| 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 CarsOnTheWeb
CarsOnTheWeb has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Arkangelsfund, OPENLANE and Vortex. 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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Vortex Capital Partners is focused on software technology investments.
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Founded Year | Domain | Location | |
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Operates an online platform connecting investors with businesses for funding opportunities.
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Founded Year | Domain | Location | |
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OPENLANE is recognized for building digital marketplaces for used vehicles.
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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 CarsOnTheWeb
CarsOnTheWeb has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Car Quality Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides solutions for wholesale auto auctions and services.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CarsOnTheWeb
| 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 |
Carsontheweb Comparisons
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. 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 |
Online B2B marketplace for used cars
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| domain | founded_year | HQ Location |
Online B2B marketplace for used cars
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| domain | founded_year | HQ Location |
Online auctioneer and direct sales of used industrial machinery and professional equipment
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| domain | founded_year | HQ Location |
Functions as an online auction platform for used cars.
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| domain | founded_year | HQ Location |
Operates an online platform for used car auctions.
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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 Carsontheweb
Frequently Asked Questions about CarsOnTheWeb
When was CarsOnTheWeb founded?
CarsOnTheWeb was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is CarsOnTheWeb located?
CarsOnTheWeb is headquartered in Tienen, Belgium. It is registered at Tienen, Flemish Brabant, Belgium.
Is CarsOnTheWeb a funded company?
CarsOnTheWeb is a funded company, having raised a total of $2.28M across 1 funding round to date. The company's 1st funding round was a Series A of $2.28M, raised on Dec 17, 2010.
How many employees does CarsOnTheWeb have?
As of Dec 31, 2021, the latest employee count at CarsOnTheWeb is 86.
What is the annual revenue of CarsOnTheWeb?
Annual revenue of CarsOnTheWeb is $906.02M as on Dec 31, 2021.
What does CarsOnTheWeb do?
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.
Who are the top competitors of CarsOnTheWeb?
CarsOnTheWeb's top competitors include AUTO1 Group, ADESA and Auctelia.
How many acquisitions has CarsOnTheWeb made?
CarsOnTheWeb has made 1 acquisition, including Car Quality Services.
Who are CarsOnTheWeb's investors?
CarsOnTheWeb has 4 investors. Key investors include Arkangelsfund, OPENLANE, Vortex, and ABN AMRO.
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