Carwow valued at £250m in a funding round led by Bessemer Venture Partners to expand its online vehicle marketplace.
Jul 14, 2024•over 1 year ago
Amount Raised
£250 Million
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.
Funding Insights
Based on industry dataVC-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