Caronsale gets $60 million

The backers are capital firms Stripes and HV Capital, according to a media report. A former Dax executive is also invested.

New York-based venture capital firm Stripes and Munich-based backer HV Capital, formerly known as Holtzbrinck Ventures, are investing in car marketplace Caronsale. The Berlin-based start-up will receive $60 million, according to the website German startups $60 million.

It's not the first big funding for the company, which once started in Nuremberg. Capital firms Insight Partners from the US and Creandum from Sweden had previously invested around €17.5 million.

Caronsale had been founded in 2018 by Tekin Has, Tom Krüger, Fabian Roth and Oguz Özgüler. The company positions itself as a digital marketplace for trade-ins, lease returns and used vehicles. The platform is aimed at car dealers from all over Europe, who can sell their vehicles via the service to used car dealers, for example.

Caronsale had already attracted attention at the end of 2019, when it became known that former Daimer CEO Dieter Zetsche had invested in the company. At that time, Caronsale was still based in Nuremberg and was significantly less known than it is today. Zetsche had already supported start-ups at Daimler: With him, the company had bought Mytaxi or launched the app Moovel, among others.