Carputty raised $80M in a Series A funding round led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures to modernize auto financing and vehicle ownership.
PRIVATEMar 06, 2024
Amount Raised
$80 Million
Round Type
Series A
AtlantaInformation TechnologyCommerce and ShoppingFinancial ServicesSoftwareTransportation
Investors
University Growth FundPorsche VenturesGrand VenturesKinetic VenturesKickstart FundFontinalis PartnersTtv Capital
Description
Carputty secured $80 million in growth funding, including a $75 million warehouse facility with Silicon Valley Bank (SVB), led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures. The company has raised more than $100 million in total funding, with significant investment from Porsche Ventures and University Growth Fund.
Company Information
Company
Carputty Inc.
Location
3565 PIEDMONT RD., N.E.
Atlanta, Georgia, United States
About
Carputty is the premier direct lender re-engineering the car financing business with transparency and consumer control. The company smooths out the auto financing experience. Carputty’s proprietary software — including Flexline™ and V3 Valuation™ — empowers consumers to refinance, purchase new or used, and buy out their leased vehicles all on one easy platform. In just a few clicks, Carputty underwrites loans for pre-approval without affecting consumer credit scores, provides continuous lines of credit, and transforms the entire car financing process with innovative technology.
Fundz sees it the moment Carputty Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
AtlantaInformation TechnologyCommerce and ShoppingFinancial ServicesSoftwareTransportation