CarOnSale Expands with EUR 70 Million Series C Funding
Deal News | Jul 10, 2025 | Hogan Lovells
CarOnSale, a Berlin-based digital B2B marketplace for professional used car trading, has secured EUR 70 million in a Series C financing round. The funding round was led by new investor Northzone and existing investor HV Capital, with additional support from Insight Partners, Stripes, and Creandum. Hogan Lovells provided legal advisory services for the transaction. CarOnSale plans to use the funding to expand its operations across Europe, improve its product and service offerings, and solidify its position as a leading digital platform in the used car trading industry.
Sectors
- Automotive
- Financial Services
- Legal Services
Geography
- Germany – CarOnSale is based in Berlin, Germany.
- Europe – CarOnSale plans to use the funding to expand its operations across Europe.
Industry
- Automotive – CarOnSale operates in the automotive industry, specializing in the used car trade through a digital platform.
- Financial Services – The article discusses a Series C financing round involving several investment entities.
- Legal Services – Hogan Lovells provided legal advisory services for the financing round.
Financials
- 70,000,000 EUR – The amount raised by CarOnSale in its Series C funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CarOnSale | Target company | Company | A digital B2B marketplace for professional used car trading based in Berlin. |
| Northzone | Lead investor | Company | A venture capital firm that led the Series C funding round. |
| HV Capital | Investor | Company | An investing firm that participated in the Series C funding round. |
| Insight Partners | Investor | Company | A venture capital and private equity firm involved in the funding round. |
| Stripes | Investor | Company | An investment partner participating in the financing. |
| Creandum | Investor | Company | A venture capital firm that supported the Series C round. |
| Hogan Lovells | Legal advisor | Company | Provided legal advisory services to CarOnSale in the financing round. |
| Peter Huber | Partner | Person | Partner at Hogan Lovells involved in the advisory. |
| Dr. Patrick Waldecker | Associate | Person | Associate at Hogan Lovells involved in the financing advisory. |
| Shervin Mir Marashi | Associate | Person | Associate at Hogan Lovells involved in the financing advisory. |