What is AutoDeal?
Founded in 2014, AutoDeal initially aimed to simplify the car-buying process by enabling consumers to compare new vehicles, discover promotions, and connect with official dealerships. The company has since evolved its offerings to include a robust lead-management system and a dedicated smartphone application designed to enhance the efficiency of sales agents. Expanding its market reach, AutoDeal launched a used-car vertical in August 2016, broadening its services to encompass the second-hand market and support transactions throughout a vehicle's lifecycle.
How much funding has AutoDeal raised?
AutoDeal has raised a total of $2.3M across 1 funding round:
Private Equity
$2.3M
Private Equity (2017): $2.3M with participation from Frontier Digital Ventures
Key Investors in AutoDeal
Frontier Digital Ventures
Frontier Digital Ventures is a technology investment firm focused on developing online marketplace businesses across emerging markets. Their expertise lies in identifying and scaling digital ventures, particularly within the automotive sector.
What's next for AutoDeal?
The substantial enterprise-level funding and strategic investment AutoDeal has received indicate a strong market position and potential for aggressive expansion. This capital infusion is likely to fuel further development of its technology, particularly in enhancing its lead-management capabilities and mobile solutions for sales professionals. The company may also look to deepen its penetration in the used-car market and explore new service verticals to support the entire automotive transaction lifecycle, solidifying its role as a comprehensive platform for both buyers and sellers.
See full AutoDeal company page
