We are delighted to share the news that Carwow have raised $39m, in a Series C round led by Vitruvian Partners. We are delighted to participate in the round, alongside fellow existing investors Accel.
Carwow was founded in 2010, originally as a car review aggregator site, before pivoting to focus on making the process of buying new cars better. The service allows consumers to make more informed decisions, before finding the best car and the best price from dealers selling on the platform.
Carwow now has more than one-third of all dealers in the UK selling through the platform, and now accounts for 5% of all new car sales in the UK.
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