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ServNet Adds Auction, Board Members
ADESA Announces Promotions
Sale Opens Facility, Offers New Services
FTC Schedules Disclosures Workshop

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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