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Berlin-based CarOnSale raises €70 million to develop their used car platform

  • 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.

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