DealCar Secures $3.1M for European Expansion
Deal News | Feb 24, 2025 | Aim Group
Spain-based autotech company DealCar has successfully secured $3.1 million in a recent funding round led by Entourage and 4Founders Capital, signaling a strategic push for European market expansion. Additional investments came from notable venture firms including Itnig Capital, Demium Capital, and Bynd. DealCar's sophisticated platform aims to streamline the secondhand vehicle market by reducing car stock time from 90 to 45 days while enhancing liquidity and market confidence. Co-founders Carlos Horno and Sergio Guisado envision the platform as the core transaction system for used vehicles, underscoring their ambition to digitalize the sales process entirely for car dealers. Jessica Monlen of 4Founders Capital praised DealCar's comprehensive integration of the vehicle buying and selling process as a pioneering achievement in the European autotech industry. The funding will specifically support DealCar's growth into France, Germany, and Italy, where it hopes to further automate and transform the market.
Sectors
- Autotech
- Venture Capital
Geography
- Spain – DealCar is based in Spain, making it a central geographical focus of the article.
- Europe – The article discusses DealCar's expansion plans to European countries such as France, Germany, and Italy.
Industry
- Autotech – The article centers on DealCar, a company within the autotech sector, which focuses on technology solutions related to automotive sales.
- Venture Capital – Relevant due to the participation of venture capital firms like Entourage and 4Founders Capital in DealCar's funding round.
Financials
- $3.1 million – The amount raised by DealCar in the funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DealCar | Target | Company | A Spain-based autotech company focused on digitalizing the secondhand car market. |
| Entourage | Investor | Company | A leading entity in the funding round for DealCar. |
| 4Founders Capital | Investor | Company | Co-leading the funding round, with a focus on venture capital investments. |
| Carlos Horno | Co-founder | Person | Co-founder of DealCar, involved in its strategic direction. |
| Sergio Guisado | Co-founder | Person | Co-founder of DealCar, involved in its strategic direction. |
| Jessica Monlen | Investor | Person | Founder of 4Founders Capital, commenting on DealCar's market potential. |
| Itnig Capital | Investor | Company | Participant in DealCar's funding round. |
| Demium Capital | Investor | Company | Participant in DealCar's funding round. |
| Bynd | Investor | Company | Participant in DealCar's funding round. |