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Carvana Raises $600 Million to Continue Growing, Innovating Safer Way to Buy a Car

PUBLIC · CVNAApr 02, 2020

Amount Raised

$600 Million

Round Type

Funding Round

TempeCommerce and ShoppingE CommerceRetailAutomotive

Description

Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, is fully committed to ensuring consumers can easily purchase a vehicle in this unprecedented era, and do so safely. As consumers increasingly demand an online retail environment so they can get important resources like groceries or medication, they are reshaping what is becoming a new normal. Observing this new normal and how it’s shifting car buying entirely online, Carvana has raised $600 million from investors in support of continued innovation and growth of the safer way to buy a car.

Quick answer

Carvana raised $600 Million in a Funding Round round, dated April 2, 2020. Carvana is based in Tempe, Arizona, United States.

How much did Carvana raise?
Carvana raised $600 Million in a Funding Round round on April 2, 2020.
What does Carvana do?
Carvana is an industry pioneer for buying and selling used cars online, operating in over 300 U.S. markets.
Where is Carvana based and how big is it?
Carvana is based in Tempe, Arizona, United States. Fundz records about 24,000 employees.
Who are the decision-makers at Carvana?
Fundz holds 3 contacts at Carvana, including the Founder. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Commerce and Shopping and E Commerce around the same time

Companies in the same sectors as Carvana that raised within 45 days of this round, from Fundz verified event records.

  • Grove Collaborative raised $90M on May 15, 2020.
  • RideNow Group, Inc. raised $5M (Funding Round) on May 7, 2020.
  • Newegg Commerce raised $3.4M (Seed) on March 4, 2020.
  • Newegg Commerce raised $2.5M (Seed) on February 27, 2020.
  • Digital River raised $50M (Funding Round) on February 25, 2020.
  • Newegg Commerce raised $2.2M (Seed) on February 21, 2020.

Who to call at Carvana, and when

A new round usually means Carvana is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Carvana raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Carvana, from your own LinkedIn network

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Company Information

Company

Carvana

Location

300 E. Rio Salado Parkway

Tempe, Arizona, United States

About

Carvana is an industry pioneer for buying and selling used cars online, operating in over 300 U.S. markets. The company offers a vertically integrated platform that provides customers with the convenience of home delivery or local pick up. Carvana's mission is to change the way people buy and sell cars, revolutionizing automotive retail and delivering a fun, fast, and fair customer experience.

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Related People

3 contacts
Verified contactsErnie G., Founder hidden hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Carvana's next move

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Carvana raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.