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Featured News

Payment Assurance Wins in Wisconsin
PassTime, Hudson Cook LLP, and Minneapolis-based Reinhart Boerner Van Deuren S.C. recently met with ...

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Wholesale Prices Decline
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) fell in January. ...

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AG Sues Buy-Here, Pay-Here Dealer
The Arkansas attorney general filed a consumer-protection lawsuit against Automatic Auto Finance Inc...

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Eastern Chapter Wins PAC Challenge
The Eastern Chapter of the National Auto Auction Association has won the NAAA Political Action Commi...

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Payment Assurance Wins in Wisconsin
Wholesale Prices Decline
AG Sues Buy-Here, Pay-Here Dealer
Eastern Chapter Wins PAC Challenge

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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