CARiD raised $35 million in funding to further expand, enhance technological advancements, and solidify its position as a frontrunner in the automotive e-commerce sector.

Mar 07, 2024•almost 2 years ago

Amount Raised

$35 Million

CranburyAutomotiveE Commerce

Investors

Fifth Star, Inc.

Description

CARiD, a leading e-commerce platform specializing in car parts and accessories, announced the successful closure of a $35 million funding round. The investment from Fifth Star, Inc. will fuel further expansion, technological advancements, and enhance customer service capabilities, solidifying CARiD’s position as a frontrunner in the automotive e-commerce sector.

Company Information

Company

CARiD

Location

Cranbury, New Jersey, United States

About

CARiD is a leading e-commerce platform specializing in car parts and accessories, founded in 2008. It has grown into one of the most comprehensive and user-friendly platforms for automotive parts and accessories, offering extensive selection of high-quality products across various categories, and offering expert advice and personalized support for its customers. CARiD is focused on creating custom infrastructure and unique user experiences within niche vehicle markets.

Related People

2 contacts

Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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