Car Capital Announces $8.8 Million Series A Funding Round And Launches Operations

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.