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Featured News

BB&T Moves to Flat Fee
BB&T Dealer Finance, a segment of BB&T Dealer Financial Services, announced the launch of a ...

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J.D. Power Completes NADA Used Car Guide Purchase
J.D. Power completed its acquisition of NADA's Used Car Guide.

The acquisition was annou...

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State Says Dealer Pocketed Money, Didn’t Pay Off Liens
A months-long investigation by the Maine Bureau of Motor Vehicles has led to the indictment of a Lew...

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Santander Names CEO
The Board of Directors of Santander Consumer USA Holdings Inc. announced the appointment of Jason A....

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BB&T Moves to Flat Fee
J.D. Power Completes NADA Used Car Guide Purchase...
State Says Dealer Pocketed Money, Didn’t Pay Off...
Santander Names CEO

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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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