Vitruvian leads $39m series-C for Carwow

Existing backers Accel Partners and Balderton Capital also took part in the round.

The fresh capital will enable Carwow to invest in international expansion, marketing and the expansion of its network of partner dealerships.

In March 2016, Carwow undertook its first phase of international expansion by entering the German market.

Previous funding
Balderton, Episode 1 and Samos have been investors in Carwow since February 2014, when they took part in a £1.3m seed round.

In December of the same year, Carwow secured a fresh £4.6m round via a series-A led by Balderton and with participation from Episode 1 and Samos.

Accel then led a £12.5m investment in the company in January 2016 alongside all three of its existing backers.

Company
Founded in 2013 and headquartered in London, Carwow runs an online platform allowing car-purchasing customers to choose a model and then receive tailored offers from UK dealers. It has a headcount of 140, up from 50 at the time of its most recent funding round 18 months ago.

People
Vitruvian Partners – Thomas Studd (partner).
Carwow – James Hind (co-founder, CEO).

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• Topics
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