C

CarOnSale

European B2B used-car marketplace and auctions

Overview

CarOnSale is a European B2B marketplace that connects professional car dealers with exclusive used-vehicle inventory and manages the full transaction flow. It runs dynamic auctions, vehicle inspections and COSCheck condition reporting, pricing intelligence, logistics coordination, payments, and auction fulfillment. Dealers can list surplus vehicles and receive guaranteed pricing offers or put them into auctions; buyers access a curated pool of vehicles from licensed OEMs, with transparent condition and history data, and can bid in daily auctions or use Buy Now. The platform functions as a technology-led facilitator that cuts intermediaries and friction in wholesale used-car trade, standardizes inspection, delivery, and payment processes across Europe for cross-border deals, and offers tools to outsource parts of the remarketing workflow to help dealers scale without adding staff.

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About CarOnSale

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Industries

Data & AnalyticsAutomotive & TransportationEnterprise Software

Company Size

201-500

Company Stage

Series C

Total Funding

$158.6M

Headquarters

Berlin, Germany

Founded

2018

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Funding

Total Funding

$158.6M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
$62M
$82.1M
$100M

Benefits

  • Performance Bonus

Company News

Legal Desire
Jul 16th, 2025
CarOnSale secures EUR 70M Series C

Hogan Lovells, led by Munich partner Peter Huber, advised CarOnSale on a €70 million Series C financing round. The round was led by new investor Northzone and existing investor HV Capital, with additional support from Insight Partners, Stripes, and Creandum. The funding will help CarOnSale expand across Europe, enhance its product and service offerings, and strengthen its position in the digital vehicle trading market.

Business Insider
Jul 7th, 2025
CarOnSale secures €70M for expansion

Car On Sale, a Berlin-based used car startup, secured €70 million in a Series-C funding round led by Northzone and HV Capital, with participation from Insight Partners, Stripes, and Creandum. This brings total investments to over €135 million. The company aims to expand across Europe and enhance its digital B2B auction platform for used cars. Founded in 2018 by Tom Krüger, Fabian Roth, and Oguz Özgüler, Car On Sale plans to grow its team and strengthen its market position.

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