When was Caramel founded?

Caramel was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Caramel located?

Caramel is headquartered in Encino, United States. It is registered at 16350 Ventura Blvd, Suite D513, Encino, United States, 91436, CA.

Who is the current CEO of Caramel?

Craig Nehamen and Edward Brojerdi s of Caramel.

How many employees does Caramel have?

As of Aug 31, 2026, the latest employee count at Caramel is 153.

Is Caramel a funded company?

Caramel is a funded company, having raised a total of $33.4M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 22, 2023.

When was the latest funding round of Caramel?

Caramel's latest funding was a $***** Series A round on Jul 08, 2024, with participation from 0 investor. Its primary sector is Auto E-Commerce & Content. In United States, the Auto E-Commerce & Content sector has seen $329M in funding in 2026 to date.

Where does Caramel rank among its competitors?

Caramel ranks 21st amongst 600 active competitors, of which 20 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Droom, which secured $3M in Mar, 2025.

Who are the top competitors of Caramel?

Caramel's top competitors include Carvana, Olx and Droom. Among them, Droom secured the most recent funding round in March, 2025.

Caramel - 2026 Company Profile, Team, Funding & Competitors

Company Details

Platform facilitating private used car sales with secure transaction management. It offers identity verification, financing options, vehicle protection products, and insurance choices. The platform manages payment processing, document signing, and title transfers. It allows buyers and sellers to negotiate prices and arrange vehicle transport or pickup.

Website: www.drivecaramel.com/
Social
Email ID: *****@drivecaramel.com
Phone Number: +1 **********
Registered Address: 16350 Ventura Blvd, Suite D513, Encino, United States, 91436, CA

Key Metrics

Founded Year

2021

Location

Encino, United States

Stage

Acquired

Total Funding

$33.4M in 2 rounds

Latest Funding Round

Series A, Jul 08, 2024, $*****

Investors

Hearst & 3 more

Ranked

21^st among 600 active competitors

Employee Count

153 as on Aug 31, 2026

Similar Companies

Truebil & 151 more

Exit Details

Acquired by eBay (Jan 14, 2025)

View Caramel's full profile

Caramel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Caramel Dealer Services, LLC CIN: 0018y000008viURAAY , United States, Active	May 02, 2023	-	-	-

Caramel got acquired by eBay on Jan 14, 2025.

Click here to take a look at Caramel's acquisition in detail

Caramel has raised a total funding of $33.4M over 2 rounds. Its first funding round was on Mar 22, 2023. Caramel has 4 institutional investors.

Here is the list of recent funding rounds of Caramel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2024	6525805	Series A	2870626	4901614	4810583	7881139
Mar 22, 2023	9795690	Seed	1165228	1297954	Hearst	Primera Capital & 1 more

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View details of Caramel's funding rounds and investors

The founders of Caramel are Craig Nehamen and Edward Brojerdi. Edward Brojerdi and Craig Nehamen are the CEOs of Caramel.

Here are the details of Caramel's key team members:

Craig Nehamen: Co-Founder & Co-CEO of Caramel.
Contact Info: 1 email address
Edward Brojerdi: Co-Founder & Co-CEO of Caramel.

View details of Caramel's Founder profiles and Board Members

Caramel's employee count trend

Caramel has 153 employees as of Aug 26. Here is Caramel's employee count trend over the years:

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Top competitors of Caramel include Carvana, Olx and Droom. Here is the list of Top 10 competitors of Caramel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Carvana 2012, Phoenix (United States), Public	Online dealer of pre owned cars	$460M	Alua Capital Management, Vanguard & 2 others	85/100
2nd	Olx 2006, Hoofddorp (Netherlands), Acquired	International online classifieds	$28.5M	Nexus Venture Partners, Prosus & 6 others	84/100
3rd	Droom 2014, Gurugram (India), Series G	Online retailer of used and new automobiles, plus related services	$344M	Digital Garage, Finvolve & 67 others	75/100
4th	TrueCar 2005, Santa Monica (United States), Acquired	Online new and used cars listing platform	$270M	Allen & Company, Capricorn & 22 others	75/100
5th	ACV Auctions 2014, Buffalo (United States), Acquired	Online marketplace providing auction services for used vehicles to licensed dealers	$350M	Bessemer Venture Partners, Tribeca Venture Partners ... & 17 others	74/100
6th	CarGurus 2006, Cambridge (United States), Public	Online retailer of used and new cars with financing options	$1.75M	Vitruvian Partners, Ithaka Partners & 1 others	73/100
7th	Copart 1982, Dallas (United States), Public	Online marketplace for used and salvaged vehicles	$1.1M	-	72/100
8th	Cars.com 1998, Chicago (United States), Public	Online retailer of new and used cars, providing reviews	-	Starboard Value, Putnam & 1 others	70/100
9th	Edmunds.com 1966, Santa Monica (United States), Acquired	Online listing platform for multi-category used vehicles & price comparison	$50M	CarMax, Dover Madison Capital Management	67/100
10th	Carsales 1998, Melbourne (Australia), Public	Online listing platform for used cars	-	AUI, AMCIL & 2 others	67/100
21st	Caramel 2021, Encino (United States), Acquired	Platform facilitating private used car sales with secure transaction management	$33.4M	Zeev Ventures, Fabrice Grinda & 2 others	49/100