Announced
Completed
Synopsis
Bessemer Venture Partners, an American venture capital and private equity firm headquartered in San Francisco, led a $52m Series C round in Carwow, an online marketplace for buying and selling cars, with participation from Accel, Balderton, Episode 1 and Vitruvian. "I’ve been a fan of Carwow’s videos and content for years and like millions of others, I love their information-rich, impartial car reviews and drag races that make for fun and irreverent entertainment. Carwow’s consumer proposition is just as exciting, which is helping make car changing simpler for consumers across Europe – and with over 9 million car changes a year alone in the UK, we’re looking forward to supporting the Management team in growing the business and delivering on its true potential. Carwow’s focus on using its content expertise and footprint to drive its commerce services through dealer partnerships makes it unique and compelling in the category," Alex Ferrara, Bessemer Partner.
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