About Xcite Automotive
Xcite Automotive is a company based in Chicago (United States) founded in 2007.. Xcite Automotive has raised $3.4 million across 1 funding round. Xcite Automotive has completed 4 acquisitions, including Car Studio Pros, CarsByText and Double4. Xcite Automotive offers products and services including AI Suite, Frontline Inventory, Frontline Recon, Interactive 360, and PureVIN. Xcite Automotive operates in a competitive market with competitors including Upstart, CDK Global, Tekion, Dealertrack and AutoManager, among others.
- Headquarter Chicago, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.4 M (USD)
in 1 rounds
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Latest Funding Round
$3.4 M (USD), Series A
Jun 30, 2024
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Car Studio Pros
& 3 more
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Products & Services of Xcite Automotive
Xcite Automotive offers a comprehensive portfolio of products and services, including AI Suite, Frontline Inventory, Frontline Recon, Interactive 360, and PureVIN. 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.
Tools for optimizing inventory and marketing strategies
Platform for real-time updates and vehicle management
System for vehicle reconditioning and preparation
Solution for immersive vehicle views and customer engagement
Tool for accurate vehicle feature valuation and display
Professional imaging for vehicle listings
Funding Insights of Xcite Automotive
Xcite Automotive has successfully raised a total of $3.4M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.4 million completed in June 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 1
- Last Round Series A — $3.4M
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First Round
First Round
(30 Jun 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Xcite Automotive | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Xcite Automotive
Xcite Automotive has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Car Studio Pros, CarsByText and Double4. 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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Online dealership services for car sales are provided by CarsByText.
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2021 | ||||
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Provider of automotive photography services
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2018 | ||||
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AI model development services are provided by Double4.
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2018 |
| 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 - Xcite Automotive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Xcite Automotive Comparisons
Competitors of Xcite Automotive
Xcite Automotive 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, CDK Global, Tekion, Dealertrack and AutoManager, 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 |
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| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships 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 |
Dealership management solutions are provided for automotive dealers.
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| domain | founded_year | HQ Location |
Cloud-driven dealer management software is provided for auto dealers.
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| domain | founded_year | HQ Location |
Automotive dealership management solutions are delivered via a tech-enabled platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Xcite Automotive
Frequently Asked Questions about Xcite Automotive
When was Xcite Automotive founded?
Xcite Automotive was founded in 2007 and raised its 1st funding round 17 years after it was founded.
Where is Xcite Automotive located?
Xcite Automotive is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Xcite Automotive a funded company?
Xcite Automotive is a funded company, having raised a total of $3.4M across 1 funding round to date. The company's 1st funding round was a Series A of $3.4M, raised on Jun 30, 2024.
What does Xcite Automotive do?
Xcite Automotive was founded in 2007 and is based in Chicago, United States. Operations focus on the automotive sector, where vehicle photography and inventory management software are supplied to dealerships. Services encompass photos, window stickers, and 360-degree spins. Brands such as ReconLogic, CarStudioPros, VehicleStickers.io, CarsByText, and Frontline Inventory are managed under the company.
Who are the top competitors of Xcite Automotive?
Xcite Automotive's top competitors include Upstart, Tekion and CDK Global.
What products or services does Xcite Automotive offer?
Xcite Automotive offers AI Suite, Frontline Inventory, Frontline Recon, Interactive 360, and 2 more products and services.
How many acquisitions has Xcite Automotive made?
Xcite Automotive has made 4 acquisitions, including Car Studio Pros, CarsByText, and Double4.