logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Carwow valued at £250m in a funding round led by Bessemer Venture Partners to expand its online vehicle marketplace.

Jul 14, 2024over 1 year ago

Amount Raised

£250 Million

LondonSoftwareAutomotiveAdvertising

Investors

VitruvianEpisode 1AccelBalderton CapitalBessemer Venture Partners

Description

Carwow has secured backing from Bessemer Venture Partners, valuing the company at $320m. Existing shareholders including Balderton Capital, Accel, Episode 1, and Vitruvian have also joined in the $52m funding round.

Company Information

Company

Carwow Group

Location

London, England, United Kingdom

About

Carwow Group is an online car sales group with international growth ambitions. The group is dedicated to providing digital marketing services for businesses in automotive retail.

Related People

2 contacts

Sign in to view contact details

Sign in to view contact details

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech