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  • ABG -0.52 - -0.60%
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Featured News

TrueCar Faces Lawsuit
The California New Car Dealers Association filed legal action against TrueCar for what they claim is...

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New Car Stores Offer Plenty of Deals
Memorial Day weekend is always a major auto shopping event and this year looks to be no different. A...

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CarMax, Inc. is currently hiring for the company’s first store in Richmond, Texas.

It is...

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TrueCar Faces Lawsuit
New Car Stores Offer Plenty of Deals
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CarMax Hires for Houston Store

Used Car News | Home

CarWoo Gets Funding, Hires Execs

CarWoo announced the closing of a $6 million funding round, bringing total funding to more than $12 million.

With the funding, CarWoo is adding industry veterans Rudi Thun, formerly general manager of AOL Autos, and Phil Yeh, previously with Dealix.

CarWoo finalized the additional funding from investors InterWest Partners, Comcast Ventures, Blumberg Capital, Raymond Tonsing and others.  Having more than quadrupled its dealer network over the past year to over 11,000 dealers, CarWoo intends to use this round of funding to continue that level of growth with their consumers, to launch new products, to further develop the team and to cultivate strategic partnerships.


 

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