CarSpring
Stage
Series A | AliveTotal Raised
$3.3MLast Raised
$3.3M | 8 yrs agoAbout CarSpring
CarSpring provides a peer-to-peer platform for people to buy and sell pre-owned cars, matching potential customers with vendors. Users can choose to buy a car from a hand-picked selection or to sell their used car in two short steps. All cars are checked, test-driven by CarSpring inspectors, valued, and delivered to customers' doorsteps for free, and paperwork is handled by the company.
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Expert Collections containing CarSpring
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CarSpring is included in 2 Expert Collections, including E-Commerce.
E-Commerce
10,327 items
Auto Commerce
576 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Latest CarSpring News
Aug 22, 2019
At least Heycar has more than 41 used cars for sale, unlike UK-based used car marketplace Hellocar, which crashed and burned a couple of years ago (see Hellocar says Goodbye ). London/Berlin based Carspring apparently suffered a similar fate. Backed by two of Germany’s leading car manufacturers, Volkswagen and Daimler, Berlin-based Heycar has just launched in the UK with (as at time of writing) 100,183 used cars available for sale, from the A to V of brands (as in Abarth to Volvo). Heycar launched in its home market in 2017. Not that there’s any shortage of car marketplaces in the UK, both online and offline. UK-based, LSE-listed Auto Trader claims to be ‘the UK’s largest digital automotive marketplace’, with revenues of £355m last year (to 31st March 2019) and a 69% (!) operating margin. Privately held, UK-based ‘bricks and clicks and mortar’ used car dealer Cargiant is rather bigger by sales. Revenues reached £539m in 2017 – the last year for which accounts are available – eking out a gross profit of £60m (11% gross margin) and an operating profit of £41m (8% margin). In the end if you are buying or selling a used car, you’ll probably check out all the websites (Idea Warning: Opportunity for a used car marketplace aggregator website – comparethebanger.com) and pick the one that suits you best. By the way, Heycar’s PR talks about the UK used car industry being worth £50b. If two of the largest players can barely muster £1b in revenues between them, where’s the rest coming from?
CarSpring Frequently Asked Questions (FAQ)
Where is CarSpring's headquarters?
CarSpring's headquarters is located at 4th Floor Oxford House, London.
What is CarSpring's latest funding round?
CarSpring's latest funding round is Series A.
How much did CarSpring raise?
CarSpring raised a total of $3.3M.
Who are the investors of CarSpring?
Investors of CarSpring include Rocket Internet.
Who are CarSpring's competitors?
Competitors of CarSpring include Motorway and 1 more.
Compare CarSpring to Competitors
Motorway is a used car marketplace, connecting consumer sellers to professional car buyers through its price comparison website. Consumer car sellers can instantly see live offers from multiple car buying services and specialist dealerships. They can compare headline offers and read buyer reviews, fees, and collection options to find the best deal. As a two-sided marketplace, the company's buyer platform provides a fast and efficient way for car buying firms to buy the best used car stock, direct from consumers, cutting out middlemen.
Carsnip is a comprehensive car website, giving users a much simpler and faster way to search for a used car combined with the tools to make better-informed decisions. Carsnip is free for Car Dealers and private sellers. Built on agile technology, Carsnip delivers substantial cost savings across the technology stack.
Motors.co.uk is an online marketplace of used cars.
carwow is a used car marketplace that helps users choose what new car to buy. The platform allows consumers to compare offers online and buy directly from trusted dealers that are registered with the platform, specifically avoiding the arduous but otherwise necessary requirement to haggle over price and in a way that potentially introduces a lot more transparency. carwow was founded in 2013 and is based in London, England.
Autozen operates a used car selling marketplace. Its platform enables car sellers to benefit from hundreds of pre-vetted professional buyers that compete to give them the advantage of the best possible price. Once the offer is accepted, the company takes care of everything else including paperwork, payment, and pick-up. It was founded in 2020 and is based in Vancouver, British Columbia.
Carsome is a Malaysia-based car buying site that provides an easier car buying experience for new car buyers. The platform allows users to perform research, compare cars, and obtain upfront price quotes from Carsome Certified Dealers, hassle-free and without the need for haggling. The company was founded in 2015 and is based in Petaling Jaya, Malaysia.
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