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
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Carwow Ltd
- Date of Incorporation 12 Dec, 2009
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$178.4 M (USD)
in 11 rounds
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Latest Funding Round
$53.25 M (USD), Series E
Jul 14, 2024
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Investors
Volvo Cars
& 11 more
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Employee Count
Not available
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Investments & Acquisitions
Autovia
& 2 more
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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.
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
People of Carwow
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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.
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.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Accel is recognized as a leading venture capital firm.
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Multistage venture capital investments are focused on technology sectors.
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Investor details for Carwow
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Investments & Acquisitions by Carwow
Carwow has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Autovia, GRIDSERVE and Wizzle.
Investment portfolio details for Carwow
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Automotive content is provided by Autovia for driving enthusiasts.
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Developer of solar energy projects
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Cars are sold to dealerships via an online C2B platform.
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Complete acquisition details for Carwow
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Financial Statements - Carwow
Detailed financials for Carwow
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Carwow Comparisons
Peer comparison for Carwow
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- Named peers
- Headcount comparison
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- Operating benchmarks
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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.
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Online dealer of second-hand cars
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Used and salvaged vehicles are offered via an online marketplace.
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Automotive vehicle listings are managed via an app-based platform.
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Used cars are listed and searched via an online platform.
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AUTO1.com is recognized as Europe’s largest wholesale platform for used cars.
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Detailed competitors of Carwow
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Carwow
Complete news archive for Carwow
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Carwow
Carwow was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Carwow is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Carwow is a funded company, having raised a total of $178.4M across 11 funding rounds to date.
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.
Carwow offers Car Buying Platform, Leasing Service, Car Selling Service, and Car Reviews.
Carwow has 12 investors. Key investors include Volvo Cars, Mercedes-Benz, Bessemer Venture Partners, Accel, and ITV plc.
The valuation of Carwow is $216M as of Aug 2019.