Investments
2Latest Hebronstar Ventures News
Nov 30, 2017
Secondhand car platform Ggulcar raises funding from Hebronstar Ventures Hebronstar Ventures announced that it has invested an unrevealed amount of funding in Rinnov Partners. Ggulcar, a platform for buying and selling used cars, was developed by Rinnov Partners in order to open up and streamline this often complex market. The platform compensates for the defects of existing used car markets so that customers no longer need to meet each other when buying and selling vehicles. What’s more, Ggulcar allows sellers and buyers to select their prices based on used-car selling big data so that all parties can be satisfied with their transactions. According to Rinnov Partners, Ggulcar’s prices are usually 5-10% cheaper than the average prices of used cars sold on other platforms. Furthermore, sellers can charge 5-10% more when they sell through Ggulcar. The platform has supported around USD 2 million in transactions. Ggulcar aims to increase its supply of used cars and total sales by a factor of ten streamlining the market and strict quality control. Jongsoo Oh, CEO of Rinnov Partners, recently emphasized that Ggulcar aims to revolutionize the used car-buying experience. He added that his team’s main focus will be to improve customer’s experiences when purchasing secondhand cars. He also said that he hopes that Ggulcar will expand its services throughout the world.
Hebronstar Ventures Investments
2 Investments
Hebronstar Ventures has made 2 investments. Their latest investment was in Beyond Limit as part of their Seed VC on November 11, 2017.
Hebronstar Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/20/2017 | Seed VC | Beyond Limit | Yes | 1 | ||
11/9/2017 | Seed VC |
Date | 11/20/2017 | 11/9/2017 |
---|---|---|
Round | Seed VC | Seed VC |
Company | Beyond Limit | |
Amount | ||
New? | Yes | |
Co-Investors | ||
Sources | 1 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.