About PureCars
PureCars is a company based in Charleston (United States) founded in 2007 was acquired by Stage 1 Ventures in May 2019.. PureCars has raised $10 million across 2 funding rounds from investors including Raycom Media, Gemini Investors and Stage 1 Ventures. The company has 152 employees as of December 31, 2021. PureCars has completed 3 acquisitions, including AutoMiner, Autosigma and Shop-by-Payment. PureCars offers products and services including Digital Advertising, The AutoMiner, RylieAI, and Market Insights & Reporting. PureCars operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, Tekion, Dealer.com and MotorK, among others.
- Headquarter Charleston, United States
- Employees 152 as on 31 Dec, 2021
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Sectors
TechnologyTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Series B
Dec 18, 2013
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Investors
Raycom Media
& 3 more
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Employee Count
152
as on Dec 31, 2021
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Investments & Acquisitions
AutoMiner
& 2 more
- Acquired by
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Products & Services of PureCars
PureCars offers a comprehensive portfolio of products and services, including Digital Advertising, The AutoMiner, RylieAI, and Market Insights & Reporting. 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.
Platform to attract traffic and convert customers for dealers.
Tool for consolidating and cleaning customer data for marketing.
AI solution to streamline dealership operations and marketing.
Service for market data and reporting to inform advertising decisions.
Funding Insights of PureCars
PureCars has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in December 2013. 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 2
- Last Round Series B — $5.0M
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First Round
First Round
(08 Jan 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series B - PureCars | Valuation |
investors |
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| Jan, 2013 | Amount | Series A - PureCars | Valuation |
investors |
| 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 PureCars
PureCars has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Raycom Media, Gemini Investors and Stage 1 Ventures. 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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Investment services in business and manufacturing sectors through equity and debt capital.
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Founded Year | Domain | Location | |
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Early-stage US companies are invested in by Stage 1 Ventures.
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Founded Year | Domain | Location | |
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Investments in tech startups are made by Diversis Capital.
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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 PureCars
PureCars has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AutoMiner, Autosigma and Shop-by-Payment. 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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SaaS-based digital marketing is delivered to auto dealers and agencies.
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2017 | ||||
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Platform offering marketing software to automotive dealers
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2015 | ||||
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Payment collection solution for car dealers
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2004 |
| 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 - PureCars
| 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 |
Purecars Comparisons
Competitors of PureCars
PureCars 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 Upstart, Reynolds and Reynolds, Tekion, Dealer.com and MotorK, 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 |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Digital marketing solutions for automotive dealerships are delivered.
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| domain | founded_year | HQ Location |
Cloud-based digital marketing solutions are delivered for the automotive sector.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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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 Purecars
Frequently Asked Questions about PureCars
When was PureCars founded?
PureCars was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Where is PureCars located?
PureCars is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
Is PureCars a funded company?
PureCars is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jan 08, 2013.
How many employees does PureCars have?
As of Dec 31, 2021, the latest employee count at PureCars is 152.
What does PureCars do?
PureCars was founded in 2007 and is based in Charleston, United States. Operations focus on the automotive sector, where cloud-based tools are provided for marketing used cars and trucks. Services include online value reports derived from inventory and proprietary data analysis, as well as dynamic advertising tailored to dealer stock and consumer online behavior. Listing and information resources are also made available to buyers and sellers.
Who are the top competitors of PureCars?
PureCars's top competitors include Upstart, Reynolds and Reynolds and Seez.
What products or services does PureCars offer?
PureCars offers Digital Advertising, The AutoMiner, RylieAI, and Market Insights & Reporting.
How many acquisitions has PureCars made?
PureCars has made 3 acquisitions, including AutoMiner, Autosigma, and Shop-by-Payment.
Who are PureCars's investors?
PureCars has 4 investors. Key investors include Raycom Media, Gemini Investors, Stage 1 Ventures, and Diversis Capital.