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CarPrice operates an online auction platform for used car transactions. The company develops technology and infrastructure to directly connect private vehicle sellers with a network of professional buyers. This digital marketplace emphasizes efficiency and transparency, offering a streamlined process for individuals selling their used cars.
Founded in Moscow in 2014, CarPrice emerged from an insight into the inefficiencies of the traditional used car market. It was established to provide a technology-driven solution, simplifying the selling experience for private individuals to achieve competitive offers. This approach also grants professional buyers consistent access to inventory.
CarPrice serves private vehicle sellers and professional buyers, including dealerships. Its vision is to transform the used car market through continuous technological innovation, building a leading digital ecosystem for vehicle transactions. The company aims to foster a standardized, accessible, and fair environment for all participants.
Carprice has raised $44.0M across 2 funding rounds.
Carprice has raised $44.0M in total across 2 funding rounds.
CarPrice is a Russia-based technology company that operates an online marketplace and auction platform for used cars, combining professional inspections, logistics and instant buyback services to connect private sellers with dealers and retail buyers. [1][2]
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick reminder: the overview above synthesizes company profiles and market summaries from business databases and company listings; these sources report founding year, product model and funding stage but may omit the very latest strategic moves or leadership changes, so check CarPrice’s official communications for the newest updates[1][2].
Carprice has raised $44.0M in total across 2 funding rounds.
Carprice's investors include Baring Vostok, Almaz Capital, Altair Capital Management, FJ Labs, Geek Ventures.
Carprice has raised $44.0M across 2 funding rounds. Most recently, it raised $40.0M Series B in July 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 23, 2015 | $40.0M Series B | Baring Vostok | Almaz Capital |
| Dec 1, 2013 | $4.0M Seed | Altair Capital Management, FJ Labs, Geek Ventures |