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 directly from dealers. Carwow also provides information to prospective purchasers and gives feedback on rogue dealers.

Type
Private
HQ
London, GB
Founded
2013
Size (employees)
158 (est)+4%
Carwow was founded in 2013 and is headquartered in London, GB
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Key People/Management at Carwow

James Hind

James Hind

Founder & CEO
Alexandra Margolis

Alexandra Margolis

Co-Founder & Creative Director
David Santoro

David Santoro

Co-Founder & CTO

Carwow Office Locations

Carwow has an office in London, Munich and Manchester
London, GB (HQ)
6th Floor, New Penderel House, 283-288 High Holborn London
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Carwow Financials and Metrics

Summary Metrics

Founding Date

2013

Total Funding

$90.2 m

Latest funding size

$39 m

Time since last funding

7 months ago

Investors

Carwow's latest funding round in July 2017 was reported to be $39 m. In total, Carwow has raised $90.2 m. Carwow's latest valuation is reported to be £49.8 m.

Carwow Financials

Carwow's revenue was reported to be £8.98 m in FY, 2016
GBP

Revenue (FY, 2016)

9 m

Gross profit (FY, 2016)

8.5 m

Gross profit margin (FY, 2016), %

94.8%

Net income (FY, 2016)

(6.2 m)

EBITDA (FY, 2016)

(6.3 m)

EBIT (FY, 2016)

(6.4 m)

Market valuation

49.8 m

Cash (2-Feb-2018)

6.5 m
GBPFY, 2010FY, 2015FY, 2016

Revenue

3.3 m9 m

Cost of goods sold

14.7 k197.6 k470.5 k

Gross profit

3.1 m8.5 m

Gross profit Margin, %

94%95%
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

871 3.1 k5.8 k125.1 k5.1 m12 m6.5 m

Accounts Receivable

58 16 64.5 k268 k576.3 k1.5 m

Current Assets

3.7 k3.2 k5.8 k189.6 k5.4 m15.3 m9.5 m

PP&E

713 718 1.1 k3 k12 k204 k415.2 k
GBPFY, 2010FY, 2015FY, 2016

Net Income

(18 k)(2.6 m)(6.2 m)

Cash From Operating Activities

(5.4 m)(5.2 m)

Cash From Financing Activities

12.4 m1.9 k

Net Change in Cash

6.8 m(5.5 m)
GBPY, 2016

Revenue/Employee

119.3 k

Financial Leverage

1.1 x
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