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Carvana Raises $600 Million to Continue Growing, Innovating Safer Way to Buy a Car

Apr 02, 2020over 5 years ago

Amount Raised

$600 Million

Phoenix

Description

Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, is fully committed to ensuring consumers can easily purchase a vehicle in this unprecedented era, and do so safely. As consumers increasingly demand an online retail environment so they can get important resources like groceries or medication, they are reshaping what is becoming a new normal. Observing this new normal and how it’s shifting car buying entirely online, Carvana has raised $600 million from investors in support of continued innovation and growth of the safer way to buy a car.

Company Information

Company

Carvana

Location

Phoenix, Arizona, United States

About

Carvana is an industry pioneer for buying and selling used cars online, operating in over 300 U.S. markets. The company offers a vertically integrated platform that provides customers with the convenience of home delivery or local pick up. Carvana's mission is to change the way people buy and sell cars, revolutionizing automotive retail and delivering a fun, fast, and fair customer experience.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech