About Wagonex
Wagonex is a Transportation, Automotive & Logistics company based in London (United Kingdom) founded in 2016. Cars are offered via an online subscription platform. Wagonex has raised $5.49 million across 7 funding rounds from investors including Development Bank of Wales and Admiral Group. Wagonex was last valued at $13.21 million in October 2022. Its website wagonex.com draws about 13 thousand monthly visits. Wagonex offers products and services including Car Subscription and Lease Options. Its focus areas include Consumer, Auto E-Commerce & Content, Subscription and Cars. Its legal entity is WAGONEX LIMITED. Its competitors include Drover, Onto and WeVee; 3 of its 3 listed competitors have raised funding.
Company details
Wagonex was founded in 2016 in London, United Kingdom. An online platform is operated in the automotive sector, enabling car subscriptions as an alternative to ownership. Vehicle offers from various partners are listed on a membership basis, including short-term options. Users are allowed to subscribe to plans for specific makes and models, with the ability to switch vehicles as needed.
- Total Equity Funding$5.49M (USD)
in 7 rounds
- InvestorsDevelopment Bank of Wales
& 1 more
Products & Services of Wagonex
Wagonex offers a comprehensive portfolio of products and services, including Car Subscription and Lease Options.
Flexible vehicle access with included maintenance and delivery options.
Short-term alternatives to traditional leasing with customizable terms.
Apps and channels of Wagonex
its YouTube channel Wagonex has 8 subscribers and 1 videos.
Videos from Wagonex
The most watched videos on Wagonex's YouTube channel, Wagonex (8 subscribers). Click a video to play it here.
More on Wagonex.
Funding Insights of Wagonex
Wagonex has successfully raised a total of $5.49M across 7 strategic funding rounds. 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 $5.49M
- Total Rounds 7
- First Round $144,545
(Apr 2017)
- Investors Count 2
All 7 funding rounds of Wagonex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | Series A | $13.21M | – | ||
| Jul 2022 | $3.56M | Series A | – | Admiral Group | – |
| Apr 2021 | $852,097 | Seed | $5.69M | – | – |
| Apr 2020 | $212,487 | Seed | $••••• | – | – |
| May 2019 | $656,177 | Seed | $••••• | – | |
| Apr 2018 | $62,623 | Seed | $••••• | – | – |
| Apr 2017 | $144,545 | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $13.21M | •••••••• |
| Apr 2021 | $5.69M | •••••••• |
| Apr 2020 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
| Apr 2018 | $••••• | •••••••• |
| Apr 2017 | $••••• | •••••••• |
Full valuation and stage history of Wagonex
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $13.21M (Oct 2022). 2 investors in total: 2 institutional.
Investors in Wagonex
Wagonex has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Development Bank of Wales and Admiral Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of equity funding and business & property development loans | 2001 | developmentbank.wales | Wrexham, United Kingdom | |
Car insurance and related services are provided in the UK. | 1993 | admiralgroup.co.uk | Cardiff, United Kingdom |
Investor details for Wagonex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Wagonex
13 people are tracked at Wagonex (5 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
Toby Kernon | CEO & Founder | Leadership |
Leon James | CTO at Wagonex | Leadership |
Liz Moore | Head Of Operations | Leadership |
Claude Compere | Head of Engineering | Leadership |
Joel Livermore | Head of Product | Leadership |
Louise K. | Finance Manager | Team |
Brandon Bennett | Product Designer | Team |
Curtis Mills | Product Engineer | Team |
James Pare | Software Engineer | Team |
Megan Hill | Platform Delivery Manager | Team |
Brooke Stara | Customer Services Manager | Team |
Amina Maygag | Customer Service Associate | Team |
Christina Pettican | Administrator | Team |
Complete people profiles for Wagonex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Wagonex
4 dated milestones of Wagonex across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Wagonex is founded.
- Funding First funding round of $145K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A,.
Competitors of Wagonex
Wagonex has 3 listed competitors in our database, 3 of them funded. They include Drover, Onto and WeVee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| joindrover.com | 2015 | London, United Kingdom | $55.08M | 4,127 | Car subscription services are provided via an online platform. | |
| on.to | 2017 | Birmingham, United Kingdom | $240.91M | 77 | Electric car subscriptions are offered via an app-based platform. | |
| wevee.uk | 2019 | London, United Kingdom | $7M | 41 | Electric car-leasing services are offered via an online platform. |
Detailed competitors of Wagonex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Wagonex
The website of Wagonex (wagonex.com) receives about 12.8K visits a month and ranks #2,247,449 among all websites worldwide, #6,744 in Insurance.
- Monthly visits12.8K
▲ 38% vs previous month
- Unique visitors3.3K
per month
- Global rank#2,247,449
among all websites
- Category rank#6,744
Finance · Insurance
- Bounce rate74%
- Pages per visit2.0
- Average visit30 sec
- DevicesDesktop 9% · Mobile 91%
Websites whose visitors overlap most with Wagonex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
flexed.co.uk | flexed.co.uk | 100% | #658,889 | – | |
| selectcarleasing.co.uk | 82% | 1M | #47,684 | View details | |
| drivefuze.com | 58% | 8.3K | #1,984,221 | View details | |
| mycardirect.com | 55% | 18.5K | #1,194,205 | View details | |
| fintechwales.org | 48% | 5.4K | #3,663,593 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Wagonex
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
2 companies that operate in the same segment as Wagonex (Automotive Retail & Aftersales) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M |
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Related news about Wagonex
Complete news archive for Wagonex
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Frequently Asked Questions about Wagonex
Wagonex was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Wagonex is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Wagonex is a funded company, having raised a total of $5.49M across 7 funding rounds to date. The company's 1st funding round was a Seed of $144.55K, raised on Apr 2017.
Wagonex was founded in 2016 in London, United Kingdom. An online platform is operated in the automotive sector, enabling car subscriptions as an alternative to ownership. Vehicle offers from various partners are listed on a membership basis, including short-term options. Users are allowed to subscribe to plans for specific makes and models, with the ability to switch vehicles as needed.
Wagonex offers Car Subscription and Lease Options.
Wagonex has 2 investors. Key investors include Development Bank of Wales, and Admiral Group.
The valuation of Wagonex is $13.21M as of Oct 2022.
Wagonex operates through Wagonex Limited.