CarEdge - About the company
CarEdge is a seed company based in Bethesda (United States), founded in 2019 by Ray Shefska and Zach Shefska. It operates as a Platform for buying, selling, insuring, financing, and protecting cars. CarEdge has raised $4.22M in funding from Flybridge Capital Partners and NextView Ventures. The company has 586 active competitors, including 20 funded and 52 that have exited. Its top competitors include companies like Carvana, Droom and TrueCar.
Company Details
Platform for buying, selling, insuring, financing, and protecting cars. It provides an out-the-door price calculator and a car valuation report to help users make informed decisions. It include extended warranty coverage. It also offers resources to help customers learn how to negotiate car prices and prepare for car buying conversations.
- Website
- caredge.com
- Social
- Email ID
- *****@caredge.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2019
Location
Bethesda, United States
Stage
Seed
Total Funding
$4.22M in 1 round
Latest Funding Round
Investors
Ranked
20th among 586 active competitors
Employee Count
28 as on Aug 31, 2026
Legal entities associated with CarEdge
CarEdge is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Auto Advocate Inc. CIN: 001t000000txRuFAAU , United States, Deadpooled | - | - | - | |
AUTODATA INC CIN: 15104028905 , United States, Active | - | - | - | |
AUTO ADVOCATE INC. CIN: 32084971160 , United States, Active | Jun 07, 2022 | - | - | - |
Auto Advocate, Inc. CIN: 85-2007730 , United States, Active | Dec 31, 2018 | - | - | - |
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CarEdge's funding and investors
CarEdge has raised a total funding of $4.22M over 1 round. Its latest funding round was a Seed round on Jul 26, 2021 for $*****. 3 investors participated in its latest round. CarEdge has 3 institutional investors.
Here is the list of recent funding rounds of CarEdge:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 26, 2021 | 8361307 | Seed | 5177981 | 5669758 | 5195684 | 6516127 |
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CarEdge's founders and board of directors
Founder? Claim ProfileHere are the details of CarEdge's key team members:
- Ray Shefska: Co-Founder of CarEdge. Contact Info: 1 email address
- Zach Shefska: Co-Founder & CEO of CarEdge. Contact Info: 1 email address
View details of CarEdge's Founder profiles and Board Members
CarEdge's employee count trend
CarEdge has 28 employees as of Aug 26. Here is CarEdge's employee count trend over the years:
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CarEdge's Competitors and alternates
Top competitors of CarEdge include Carvana, Droom and TrueCar. Here is the list of Top 10 competitors of CarEdge, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Carvana 2012, Phoenix (United States), Public | Online dealer of pre owned cars | $460M | 84/100 | |
2nd | Online retailer of used and new automobiles, plus related services | $344M | 75/100 | ||
3rd | TrueCar 2005, Santa Monica (United States), Acquired | Online new and used cars listing platform | $270M | 75/100 | |
4th | ACV Auctions 2014, Buffalo (United States), Acquired | Online marketplace providing auction services for used vehicles to licensed dealers | $350M | 74/100 | |
5th | CarGurus 2006, Cambridge (United States), Public | Online retailer of used and new cars with financing options | $1.75M | 73/100 | |
6th | Copart 1982, Dallas (United States), Public | Online marketplace for used and salvaged vehicles | $1.1M | - | 72/100 |
7th | Cars.com 1998, Chicago (United States), Public | Online retailer of new and used cars, providing reviews | - | 70/100 | |
8th |  Edmunds.com 1966, Santa Monica (United States), Acquired | Online listing platform for multi-category used vehicles & price comparison | $50M | 67/100 | |
9th | Online listing platform for used cars | - | 67/100 | ||
10th |  Vroom 2013, New York City (United States), Public | Online dealer of used cars | $708M | 66/100 | |
20th |  CarEdge 2019, Bethesda (United States), Seed | Platform for buying, selling, insuring, financing, and protecting cars | $4.22M | 48/100 |
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CarEdge's Investments and acquisitions
CarEdge has made no investments or acquisitions yet.
Reports related to CarEdge
Here is the latest report on CarEdge's sector:
News related to CarEdge
Media has covered CarEdge for 1 event in last 1 year, It was about company updates.
•
CarEdge Introduces Transparency Index to Grade Dealerships’ Pricing PracticesAuto Remarketing•Feb 26, 2026•CarEdge
•
•
Father-son team's effort to simplify car-buying process grows into $4.2M ventureWbaltv•Jul 26, 2021•CarEdge
•
Black Book collaboration could help consumers navigate the trade processAuto Remarketing•Mar 25, 2021•CarEdge, Black Book
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