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About heycar
Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$70M
Headquarters
Berlin, Germany
Founded
2017
Overview
Heycar is an online marketplace for buying and selling quality used cars. It connects individual buyers with a network of trusted dealerships, curating listings so each car meets high standards of reliability. The platform provides detailed vehicle histories and customer reviews to inform decisions. Revenue comes from transaction fees and partnerships with dealerships. How it works: shoppers browse listings from partner dealers on Heycar, access comprehensive histories and reviews, and use the platform to contact dealers and complete transactions. Dealers benefit from a vetted audience and a transparent selling process, while buyers gain clarity and confidence in their purchases. How it stands apart: rather than a broad classifieds site, Heycar focuses on quality, transparency, and a trusted dealer network to reduce risk for buyers. Its goal is to simplify finding reliable used cars and improve the overall buying experience.
Simplify's Take
What believers are saying
- Technology integrates into VW's new subsidiary for e-commerce innovation.
- Partnered with Wrisk for embedded heycar motor insurance.
- User reviews praise ease of use for buying and selling.
What critics are saying
- VW Financial shuts down Heycar in Germany May 2025.
- UK operations close by mid-May 2025 due to losses.
- Autotrader dominates UK market, capturing Heycar customers.
What makes heycar unique
- Heycar connects buyers with trusted dealerships offering quality used cars.
- Launched in 2017 in Germany, expanded to UK in 2019.
- Backed by Volkswagen Financial Services and Daimler Mobility.
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Funding
Total Funding
$70M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Competitive salaries
Pension contribution of 5%, when you contribute 3%
We work flexibly, in the office or at home, and trust our team to get the job done
When you join heycar you’ll get an allowance to set up your home-working space
Choose your own tech - join the Apple vs Microsoft debate!
28 days holiday plus Bank Holidays and your birthday
Extra day of holiday when you refer someone who’s hired at heycar
Private medical insurance from AXA
Critical Illness Cover
Annual subscription to FIIT fitness app
Access to online mental health support via Spill
Cycle to Work Scheme worth up to £1,000
£500 annual learning budget - you decide how to spend it to support your professional development
Ongoing personal development support including Lunch & Learns run by the team
Enhanced Family Leave
Life Assurance
Table tennis & table football - bring your competitive streak!
Snacks and an office bar that’s fully stocked
Access to our epic roof terrace
Regular team socials
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Volkswagen Financial Services, the majority owner of HeyCar, is shutting it down. The business was launched in 2017 to compete with AutoScout24, Mobile.de and other European automotive marketplaces. It will close in Germany in May, and in the U.K. in the next few months.
The two will launch an embedded car insurance offering – heycar motor insurance. The post heycar partners with Wrisk appeared first on Coverager - Insurance news and insights.
heycar is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today
About heycar
Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$70M
Headquarters
Berlin, Germany
Founded
2017
heycar is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today