Carwow

Automotive Technology ecommerce marketplace platform vehicles

Carwow is a platform for buying new cars from franchise dealers. The platform uses the reverse marketplace model to remove the need for buyers to negotiate with car sellers — users choose the car they would like to buy, along with the various specifications and features, then receive offers direct from dealers. Carwow also provides information to prospective purchasers and gives feedback on rogue dealers.

Company Growth (employees)

Type

Private

London, GB

Founded

2013

Size (employees)

121 (est)+5%

Website

carwow.co.uk

Carwow was founded in 2013 and is headquartered in London, GB

Key People at Carwow

James Hind

Founder & CEO

Alexandra Margolis

Co-Founder & Creative Director

David Santoro

Co-Founder & CTO

Carwow Office Locations

Carwow has offices in London, Munich, Manchester and München

London, GB (HQ)

6th Floor, New Penderel House, 283 288 High Holborn London

Carwow Data and Metrics

Summary Metrics

Founding Date	2013
Total Funding	$51.2 m
Latest funding size	$18.1 m
Time since last funding	over 1 year
Investors	Episode 1, Samos Investments, Episode 1 Ventures, Balderton Capital, Accel Partners, Accel

Carwow's latest funding round in January 2016 was reported to be $18.1 m. In total, Carwow has raised $51.2 m. Carwow's latest valuation is reported to be £49.8 m.

Carwow Financial Metrics

Summary

£, GBP

Source: Company Filings,

Balance Sheet

£, GBP	FY, 2013	FY, 2014	FY, 2015
Cash	125.1 k	5.1 m	12 m
Accounts Receivable	64.5 k	268 k	3.3 m
Current Assets	189.6 k	5.4 m	15.3 m
PP&E	3 k	12 k	204 k
Total Assets	192.6 k	5.4 m	15.5 m
Accounts Payable	62.9 k	275.3 k	569 k
Current Liabilities	62.9 k	275.3 k	569 k
Total Equity	129.7 k	5.2 m	14.9 m
Financial Leverage	1.5 x	1.1 x	1 x