German CarOnSale, a digital B2B marketplace for used car trading, has raised a €70 million Series C round to expand across European markets.
The funding round was led by new investor Northzone and existing lead investor HV Capital, among others.
CarOnSale aims to scale to selling 1 million used cars annually through their platform and transform the European used car market with their integrated software ecosystem.
With plans to deepen their European presence, enhance services, and develop cross-border transaction capabilities, CarOnSale intends to solidify its position as a key player in professional vehicle trading.