Fundz

Vavacars Raises $37M In Series C To Fuel Its Success In Türkiye

PRIVATESep 20, 2022

Amount Raised

$37 Million

Round Type

Series C

IstanbulOil And GasAutomotive

Description

VavaCars, a Türkiye-based online trading platform for buying and selling used cars, has closed its Series C funding round at a premium to its Series B funding in November 2021 raising $37m. A combination of existing and new investors participated, alongside founding investor, Vitol. The funding will be used to consolidate VavaCars' position as Türkiye's leading reseller of used cars.

Quick answer

VavaCars raised $37 Million in a Series C round, dated September 20, 2022. VavaCars is based in Istanbul, Istanbul, Turkey.

How much did VavaCars raise?
VavaCars raised $37 Million in a Series C round on September 20, 2022.
What does VavaCars do?
VavaCars is on a mission is to create the most trusted used cars transaction platform in Turkey.
Where is VavaCars based and how big is it?
VavaCars is based in Istanbul, Istanbul, Turkey.

Source: Fundz verified event record.

Who else raised in Oil And Gas and Automotive around the same time

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

  • Creative Realities raised $2M (Funding Round) on November 4, 2022.
  • The Mobility House raised $50M (Series C) on November 4, 2022.
  • Sabanto raised an undisclosed amount on November 4, 2022.
  • project44 raised $80M (Funding Round) on November 3, 2022.
  • Harbinger raised $94M on November 2, 2022.
  • Turbo Wholesale Tires raised an undisclosed amount on November 1, 2022.

Who to call at VavaCars, and when

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Company Information

Company

VavaCars

Location

Istanbul, Istanbul, Turkey

About

VavaCars is on a mission is to create the most trusted used cars transaction platform in Turkey. We provide our customers a seamless car buying and selling experience. Our customer proposition is embedded in Transparency, Simplicity, Trust and Convenience. We allows customers to browse and purchase cars online from the comfort of their home, and sell their cars using our online valuation and by visiting any of our customer centers or arranging a mobile unit visit. Since launch in 2019, VavaCars has already traded more than 10,000 cars! We are a fast-paced high growth company, backed by leading global sponsors & investors, and a highly driven and experienced management team. If you want to disrupt and revolutionize the used car space, check out our careers page and join us!

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