Car Capital Announces $8.8 Million Series A Funding Round And Launches Operations
04/06/21, 9:40 PM
Location
grapevine
Money raised
$8.8 million
Round Type
series a
Car Capital, an advanced technology company that provides their dealer partners with the ability to make 24/7 instant auto loan decisions, has closed an $8.8 million Series A funding round. The round was led by FM Capital with participation from over 50 individual and institutional investors, including Automotive Ventures and Medalist Partners. Car Capital launched operations with a select group of beta dealers and will roll out to a broader group of dealer partners in the coming weeks. Car Capital has developed a proprietary, web-based platform, Dealer Electronic Auto Loan System (DEALSSM) to give every dealer partner the power to approve 100% of consumers, regardless of credit history, that come into their dealerships.
Company Info
Location
grapevine, texas, united states
Additional Info
Car Capital, a wholly owned subsidiary of Car Capital Technologies, Inc., was founded to provide dealers with capital and advanced technology to help all consumers buy the cars they need. The executive leadership team, each with decades of experience in the industry, and all their talented associates have joined together to create an exceptional company to make car buying better for everyone. For more information, contact Car Capital at press@carcapital.com or visit carcapital.com.