About Digital Motors
Digital Motors is a company based in Irvine (United States) founded in 2018 was acquired by TrueCar in June 2022. Digital Motors has raised $10 million across 2 funding rounds from investors including TrueCar, DN Capital and InMotion Ventures. Digital Motors offers products and services including Sponsored Listings, TrueCar+, and Acquisition Center. Digital Motors operates in a competitive market with competitors including Reynolds and Reynolds, Upstart, CDK Global, Tekion and Seez, among others.
- Headquarter Irvine, United States
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Sectors
Transportation, Automotive & Logistics
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- Legal Name Digital Motors Corporation
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Products & Services of Digital Motors
Digital Motors offers a comprehensive portfolio of products and services, including Sponsored Listings, TrueCar+, and Acquisition Center.
Service for promoting vehicle listings on auto-buying sites.
Platform for car buying and ownership management tools.
Tool to connect dealers with in-market buyers efficiently.
Funding Insights of Digital Motors
Digital Motors has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in February 2021. 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 Digital Motors
Digital Motors has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include TrueCar, DN Capital and InMotion Ventures.
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Venture capital firm focused on software, fintech, marketplaces, and consumer internet
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Venture capital and startup studio firm focused on transportation tech companies
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VC firm investing globally
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Investor details for Digital Motors
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Investments & Acquisitions by Digital Motors
Investment portfolio details for Digital Motors
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Financial Statements - Digital Motors
Detailed financials for Digital Motors
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Digital Motors Comparisons
Peer comparison for Digital Motors
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Competitors of Digital Motors
Digital Motors 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 Reynolds and Reynolds, Upstart, CDK Global, Tekion and Seez, among others.
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Software and services for automotive dealership retailing are provided.
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Diversified loans are provided via an AI-enabled online marketplace.
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Cloud-driven management systems for auto dealerships are provided.
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AI and cloud-driven systems for auto dealership management are provided.
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Developer of an online P2P marketplace for used cars
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Dealership management solutions are provided for automotive dealers.
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Detailed competitors of Digital Motors
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Latest news on Digital Motors
Complete news archive for Digital Motors
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Frequently Asked Questions about Digital Motors
Digital Motors was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Digital Motors is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Andreas Hinrichs is the current CEO of Digital Motors.
Digital Motors is a funded company, having raised a total of $10M across 2 funding rounds to date.
Digital Motors was founded in 2018 and is headquartered in Irvine, United States. The company operates in the automotive sector, offering a SaaS-based platform for inventory management tailored to auto-dealers. Services include advanced vehicle search tools, monthly payment calculations, used car valuations, finance and insurance products, and vehicle delivery processes. Operations focus on streamlining dealer workflows across the United States.
Digital Motors's top competitors include Upstart, Reynolds and Reynolds and Seez.
Digital Motors offers Sponsored Listings, TrueCar+, and Acquisition Center.
Digital Motors has 7 investors. Key investors include TrueCar, DN Capital, InMotion Ventures, Autotech Ventures, and OpenRoad Auto Group.