Dealcar Drives Forward: A €3 Million Boost for European Expansion
February 27, 2025, 9:31 am
Dealcar
Total raised: $3.14M
In the bustling streets of Barcelona, a revolution is taking place in the used car market. Dealcar, a software-as-a-service (SaaS) platform, has secured a €3 million seed round to accelerate its growth and expand across Europe. This funding marks a significant milestone for the company, which aims to digitize and optimize the buying and selling of used cars for dealerships of all sizes.
The seed round was led by Entourage and 4Founders Capital, with participation from a host of other investors, including Itnig Capital, Demium Capital, and Bynd. Angel investors, such as Toubkal Partners and Alexandre Guinefolleau, have also thrown their weight behind this promising venture. The financial backing will not only bolster Dealcar's position in Spain but also pave the way for its expansion into key European markets like France, Italy, and Germany.
Dealcar is not just another tech startup; it’s a game-changer. The platform integrates various aspects of the vehicle buying and selling process into one seamless experience. It allows dealerships to manage their stock across multiple channels, connect with financial institutions, and streamline payment processes. This all-in-one solution is designed to reduce the stock turnover time from 90 days to just 45, injecting much-needed liquidity into the used car market.
The founders, Carlos Horno and Sergio Guisado, envision Dealcar as the operating system for every used car transaction in the near future. Their ambition is clear: to transform the way dealerships operate, making transactions faster, safer, and more efficient. With the new funding, they plan to enhance their technology and improve user experience, ensuring that both dealerships and buyers benefit from a smoother process.
The cornerstone of Dealcar’s offering is its payment solution, Dealcar Pay. This innovative tool aims to become the go-to payment method for used car purchases. By facilitating quicker and more secure transactions, Dealcar Pay is set to revolutionize how dealerships handle payments. The integration of fintech technology allows for a comprehensive approach to managing payments, financing, and additional services like insurance and warranties.
Currently, Dealcar collaborates with over 150 dealerships and manages around 8,000 cars daily. This impressive scale showcases the platform's capability and the trust it has garnered within the industry. The company’s focus on digitization is timely, as the used car market faces increasing pressure to modernize. Dealcar’s approach not only addresses this need but also positions it as a leader in the sector.
The investment landscape for Dealcar is robust. With the backing of established venture capital firms and angel investors, the company is well-equipped to tackle the challenges of expansion. The confidence shown by these investors speaks volumes about Dealcar’s potential. They recognize the deep understanding the founders have of the used car market and the solid strategy they’ve devised to optimize it.
As Dealcar sets its sights on European markets, it faces both opportunities and challenges. The used car market in Europe is diverse, with varying regulations and consumer behaviors. However, Dealcar’s adaptable platform is designed to cater to these differences, making it a versatile player in the industry. The company’s ability to integrate local financial institutions and services will be crucial as it navigates new territories.
Moreover, the rise of digital transactions in the wake of the pandemic has accelerated the need for solutions like Dealcar. Consumers are increasingly looking for convenience and efficiency in their purchasing decisions. Dealcar’s platform meets these demands head-on, offering a user-friendly interface that simplifies the buying and selling process.
The journey ahead is promising. With the new funding, Dealcar is poised to enhance its technological capabilities and expand its market reach. The founders are committed to creating a platform that not only serves dealerships but also empowers consumers. By focusing on user experience and operational efficiency, Dealcar aims to redefine the used car market in Europe.
In conclusion, Dealcar is more than just a platform; it’s a vision for the future of the used car industry. With a strong financial backing and a clear strategy, the company is ready to accelerate its growth and lead the transformation of the sector. As it gears up for expansion, all eyes will be on Dealcar to see how it navigates the road ahead. The journey is just beginning, and the destination is a digital-first used car market that benefits everyone involved.
The seed round was led by Entourage and 4Founders Capital, with participation from a host of other investors, including Itnig Capital, Demium Capital, and Bynd. Angel investors, such as Toubkal Partners and Alexandre Guinefolleau, have also thrown their weight behind this promising venture. The financial backing will not only bolster Dealcar's position in Spain but also pave the way for its expansion into key European markets like France, Italy, and Germany.
Dealcar is not just another tech startup; it’s a game-changer. The platform integrates various aspects of the vehicle buying and selling process into one seamless experience. It allows dealerships to manage their stock across multiple channels, connect with financial institutions, and streamline payment processes. This all-in-one solution is designed to reduce the stock turnover time from 90 days to just 45, injecting much-needed liquidity into the used car market.
The founders, Carlos Horno and Sergio Guisado, envision Dealcar as the operating system for every used car transaction in the near future. Their ambition is clear: to transform the way dealerships operate, making transactions faster, safer, and more efficient. With the new funding, they plan to enhance their technology and improve user experience, ensuring that both dealerships and buyers benefit from a smoother process.
The cornerstone of Dealcar’s offering is its payment solution, Dealcar Pay. This innovative tool aims to become the go-to payment method for used car purchases. By facilitating quicker and more secure transactions, Dealcar Pay is set to revolutionize how dealerships handle payments. The integration of fintech technology allows for a comprehensive approach to managing payments, financing, and additional services like insurance and warranties.
Currently, Dealcar collaborates with over 150 dealerships and manages around 8,000 cars daily. This impressive scale showcases the platform's capability and the trust it has garnered within the industry. The company’s focus on digitization is timely, as the used car market faces increasing pressure to modernize. Dealcar’s approach not only addresses this need but also positions it as a leader in the sector.
The investment landscape for Dealcar is robust. With the backing of established venture capital firms and angel investors, the company is well-equipped to tackle the challenges of expansion. The confidence shown by these investors speaks volumes about Dealcar’s potential. They recognize the deep understanding the founders have of the used car market and the solid strategy they’ve devised to optimize it.
As Dealcar sets its sights on European markets, it faces both opportunities and challenges. The used car market in Europe is diverse, with varying regulations and consumer behaviors. However, Dealcar’s adaptable platform is designed to cater to these differences, making it a versatile player in the industry. The company’s ability to integrate local financial institutions and services will be crucial as it navigates new territories.
Moreover, the rise of digital transactions in the wake of the pandemic has accelerated the need for solutions like Dealcar. Consumers are increasingly looking for convenience and efficiency in their purchasing decisions. Dealcar’s platform meets these demands head-on, offering a user-friendly interface that simplifies the buying and selling process.
The journey ahead is promising. With the new funding, Dealcar is poised to enhance its technological capabilities and expand its market reach. The founders are committed to creating a platform that not only serves dealerships but also empowers consumers. By focusing on user experience and operational efficiency, Dealcar aims to redefine the used car market in Europe.
In conclusion, Dealcar is more than just a platform; it’s a vision for the future of the used car industry. With a strong financial backing and a clear strategy, the company is ready to accelerate its growth and lead the transformation of the sector. As it gears up for expansion, all eyes will be on Dealcar to see how it navigates the road ahead. The journey is just beginning, and the destination is a digital-first used car market that benefits everyone involved.