About Carwow
Carwow is a company based in London (United Kingdom) founded in 2010 by Alexandra Margolis.. Carwow has raised $178.4 million across 11 funding rounds from investors including Volvo Cars, Mercedes-Benz and Bessemer Venture Partners. Carwow has completed 3 acquisitions, including Autovia, GRIDSERVE and Wizzle. Carwow offers products and services including Car Buying Platform, Leasing Service, Car Selling Service, and Car Reviews. Carwow operates in a competitive market with competitors including Cazoo, Copart, CarGurus, Auto Trader and AUTO1.com, among others.
- Headquarter London, United Kingdom
- Founders Alexandra Margolis
- Stage Minicorn
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Carwow Ltd
- Date of Incorporation 12 Dec, 2009
- Jurisdiction LONDON, ENGLAND
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$178.4 M (USD)
in 11 rounds
-
Latest Funding Round
$53.25 M (USD), Series E
Jul 14, 2024
-
Investors
Volvo Cars
& 11 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Autovia
& 2 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Carwow
Carwow offers a comprehensive portfolio of products and services, including Car Buying Platform, Leasing Service, Car Selling Service, and Car Reviews. 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.
Online tool for comparing and purchasing new and used cars
Platform for arranging car leases and deals
Service for listing and selling vehicles online
Resource for reading and comparing car reviews
Unlock access to complete
Unlock access to complete
Funding Insights of Carwow
Carwow has successfully raised a total of $178.4M across 11 strategic funding rounds. The most recent funding activity was a Series E round of $53.25 million completed in July 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 11
- Last Round Series E — $53.2M
-
First Round
First Round
(23 Feb 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series E - Carwow | Valuation | Bessemer Venture Partners | |
| Nov, 2023 | Amount | Series C - Carwow | Valuation |
investors |
|
| Apr, 2022 | Amount | Series C - Carwow | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carwow
Carwow has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Volvo Cars, Mercedes-Benz and Bessemer Venture Partners. 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 |
|---|---|---|---|---|
|
Venture capital investments and support for entrepreneurs in technology and innovation sectors.
|
Founded Year | Domain | Location | |
|
Accel is recognized as a leading venture capital firm.
|
Founded Year | Domain | Location | |
|
Multistage venture capital investments are focused on technology sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Carwow
Carwow has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Autovia, GRIDSERVE and Wizzle. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Automotive content is provided by Autovia for driving enthusiasts.
|
2021 | ||||
|
Developer of solar energy projects
|
2016 | ||||
|
Cars are sold to dealerships via an online C2B platform.
|
2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Carwow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carwow Comparisons
Competitors of Carwow
Carwow 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 Cazoo, Copart, CarGurus, Auto Trader and AUTO1.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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online dealer of second-hand cars
|
|
| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
|
|
| domain | founded_year | HQ Location |
Used cars are listed and searched via an online platform.
|
|
| domain | founded_year | HQ Location |
AUTO1.com is recognized as Europe’s largest wholesale platform for used cars.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Carwow
Frequently Asked Questions about Carwow
When was Carwow founded?
Carwow was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Carwow located?
Carwow is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Carwow a funded company?
Carwow is a funded company, having raised a total of $178.4M across 11 funding rounds to date.
What does Carwow do?
Carwow was founded in 2010 in London, United Kingdom, as an online marketplace within the automotive sector. Buyers are enabled to search vehicles by make, model, and features, after which personalized offers are received from registered dealers. Comparisons are facilitated based on pricing, dealer locations, review ratings, and current stock availability, streamlining direct purchases.
What products or services does Carwow offer?
Carwow offers Car Buying Platform, Leasing Service, Car Selling Service, and Car Reviews.
How many acquisitions has Carwow made?
Who are Carwow's investors?
Carwow has 12 investors. Key investors include Volvo Cars, Mercedes-Benz, Bessemer Venture Partners, Accel, and ITV plc.
What is Carwow's valuation?
The valuation of Carwow is $216M as of Aug 2019.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.