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Featured News

Swapalease Sees Rebound in Approvals
Swapalease.com reports lease credit approvals entering July saw a healthy rebound from June levels, ...

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Pre-Owned Market Expands Tesla’s Reach
The used car market is giving Tesla the opportunity to expand its demographic and geographic reach, ...

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AG Sues Dealer for Failing to Deliver Titles
Ohio’s attorney general announced a lawsuit against a Middletown used-car dealership accused of fail...

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Penske Sells More Cars for Less Money
Penske Automotive Group Inc. reported higher used-car sales in the second quarter, but lower transac...

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Swapalease Sees Rebound in Approvals
Pre-Owned Market Expands Tesla’s Reach
AG Sues Dealer for Failing to Deliver Titles...
Penske Sells More Cars for Less Money

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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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