Carketa, a Pleasant Grove, Utah-based developer of SaaS applications for the automotive industry, announced it closed a $6 million in Seed Financing.
The round was led by Origin Ventures and Crosslink Capital, with additional funding from Hack VC, Lancaster, and I2BF.
With this round of funding, Carketa is expanding sales internationally to independent and franchise dealers and accelerating the release of exciting new tools.
Company: Carketa Inc.
Raised: $6.0M
Round: Seed Round
Funding Month: November 2021
Lead Investors: Origin Ventures and Crosslink Capital
Additional Investors: Hack VC, Lancaster, and I2BF
Company Website: https://carketa.com/
Software Category: Dealer Management Software
About the Company: Founded in 2019, Carketa helps car dealers turn their inventory quicker, increase gross and compete above the digital online stores. Carketa is easy to use, automates the recon process, eliminates bottlenecks, and helps dealers sell more cars faster. With Carketa Recon a dealer can upload their inventory from their Dealer Management Software (DMS) and manage their vehicles from acquisition to customer purchase through active inventory management and vehicle valuations. With Carketa Connect, dealers and customers can track the car through the process, often selling the car before it's frontline ready.
Source: https://www.prnewswire.com/news-releases/carketa-raises-6m-venture-series-seed-funding-301424926.html