Announced
Completed
Financials
Sources
Tags
retail
technology
automobiles
e-commerce
online platform
car marketplace
car trading
E-commerce
Germany
Acquisition
Private
Friendly
Completed
Minority
Single Bidder
Private Equity
Synopsis
SoftBank Vision fund led a $512m Series F funding round in Auto1, a multi-sided platform for the used car sector. The round saw and investment from existing investor DN Capital. “We are delighted to welcome SoftBank Vision Fund, one of the largest tech funds in the world, as an investor in AUTO1 Group. We believe that the Fund’s deep investment and technology expertise will help us to accelerate our growth as we continue to focus on making the used vehicle market more efficient and transparent,” Hakan Koc, Auto1 Co-CEO.
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