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Carputty raised $80M in a Series A funding round led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures to modernize auto financing and vehicle ownership.

Mar 06, 2024•over 1 year ago

Amount Raised

$80 Million

Round Type

series a

AtlantaCommerce and ShoppingTransportationFinancial ServicesSoftware

Investors

University Growth FundPorsche VenturesGrand VenturesKinetic VenturesKickstart FundFontinalis PartnersTtv Capital

Description

Carputty secured $80 million in growth funding, including a $75 million warehouse facility with Silicon Valley Bank (SVB), led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures. The company has raised more than $100 million in total funding, with significant investment from Porsche Ventures and University Growth Fund.

Company Information

Company

Carputty Inc.

Location

3565 PIEDMONT RD., N.E.

Atlanta, Georgia, United States

About

Carputty is the premier direct lender re-engineering the car financing business with transparency and consumer control. The company smooths out the auto financing experience. Carputty’s proprietary software — including Flexline™ and V3 Valuation™ — empowers consumers to refinance, purchase new or used, and buy out their leased vehicles all on one easy platform. In just a few clicks, Carputty underwrites loans for pre-approval without affecting consumer credit scores, provides continuous lines of credit, and transforms the entire car financing process with innovative technology.

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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