Portfolio

Investment Update: Carwow raises $39m in Series C

AUG 03, 2017

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. 

You can read more about the investment here on TechCrunch

Stay in touch with Balderton

Sign up for our newsletter to stay up to date on news from Balderton, and our portfolio.