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Featured News

Consumers Feel Upbeat
The Conference Board Consumer Confidence Index improved in August after declining in July.
Th...

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Manheim Unveils Upgrades
Manheim unveiled two new offerings at a grand opening celebration at its Riverside, Calif. location....

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Copart Announces Contest Winner
Copart Inc. recently announced the top three winners of its second annual Copart Rebuild Challenge.<...

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Edmunds.com Sees Flat Sales
Used-car sales are expected to be flat this month.
Edmunds.com estimates 3.22 million used ca...

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Consumers Feel Upbeat
Manheim Unveils Upgrades
Copart Announces Contest Winner
Edmunds.com Sees Flat Sales

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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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