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CarOnSale has raised €70M in a Series C round led by Northzone to enhance cross-border used car trading operations.

Jul 07, 2025•9 days ago

Amount Raised

€70 Million

Round Type

series c

BerlinLogisticsAutomotiveMarketplace

Investors

CreandumStripesInsight PartnersHv CapitalNorthzone

Description

CarOnSale, a Berlin-based B2B marketplace for used car trading, has secured €70 million in its Series C funding round. The round was led by Northzone with participation from existing investors HV Capital, Insight Partners, Stripes, and Creandum. This funding will help accelerate their growth across Europe and further develop their digital infrastructure. CEO Tom Krüger emphasizes the support and confidence from their investors as they scale their operations.

Company Information

Company

CarOnSale

Location

Berlin, Berlin, Germany

About

CarOnSale is a Berlin-based B2B marketplace transforming the professional used car trade through a fully integrated software ecosystem. It connects professional car dealers and OEMs across borders, streamlining transactions with services like vehicle inspections, logistics, and payment processing. The company aims to make the used car market more efficient, secure, and transparent. With a strong focus on European expansion, CarOnSale is poised to enhance its digital infrastructure and team.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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