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 465 active competitors, including 21 funded and 55 that have exited. Its top competitors include companies like Carvana, TrueCar and Droom.
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
27th among 465 active competitors
Employee Count
2 as on Jul 01, 2024
Legal entities associated with CarEdge
CarEdge is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
AUTO ADVOCATE INC. CIN: 32084971160 , United States, Active | Jun 07, 2022 | - | - | - |
Auto Advocate Inc. CIN: 001t000000txRuFAAU , United States, Deadpooled | - | - | - | |
AUTODATA INC CIN: 15104028905 , United States, Active | - | - | - | |
Auto Advocate, Inc. CIN: 85-2007730 , United States, Active | Dec 31, 2018 | - | - | - |
Sign up to download CarEdge's company profile
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 | 9291991 | Seed | 1974606 | 7316983 | 9390979 | 9204258 |
Access funding benchmarks and valuations. Sign up today!View details of CarEdge's funding rounds and investors
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 2 employees as of Jul 24. Here is CarEdge's employee count trend over the years:
Uncover CarEdge's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
CarEdge's Competitors and alternates
Top competitors of CarEdge include Carvana, TrueCar and Droom. Here is the list of Top 10 competitors of CarEdge, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
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 | TrueCar 2005, Santa Monica (United States), Acquired | Online new and used cars listing platform | $270M | 76/100 | |
3rd | Online retailer of used and new automobiles, plus related services | $344M | 75/100 | ||
4th | Copart 1982, Dallas (United States), Public | Online marketplace for used and salvaged vehicles | $1.1M | - | 74/100 |
5th | ACV Auctions 2014, Buffalo (United States), Series E | Online marketplace providing auction services for used vehicles to licensed dealers | $350M | 70/100 | |
6th | CarGurus 2006, Cambridge (United States), Public | Online retailer of used and new cars with financing options | $1.75M | 70/100 | |
7th | CarLotz 2011, Charlotte (United States), Acquired | Online P2P consignment-based car trading platform | $37M | 68/100 | |
8th | Cars.com 1998, Chicago (United States), Public | Online retailer of new and used cars, providing reviews | - | 68/100 | |
9th |  Vroom 2013, New York City (United States), Public | Online dealer of used cars | $708M | 67/100 | |
10th | CarMax 1993, Richmond (United States), Public | Retailer of used cars | - | - | 66/100 |
27th |  CarEdge 2019, Bethesda (United States), Seed | Platform for buying, selling, insuring, financing, and protecting cars | $4.22M | 49/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on CarEdge's competitors? Click here to see the top ones
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 a total of 2 events in the last 1 year, 2 of them have been about company updates.
•
CarEdge Introduces Transparency Index to Grade Dealerships’ Pricing PracticesAuto Remarketing•Feb 26, 2026•CarEdge
•
•
•
Black Book collaboration could help consumers navigate the trade processAuto Remarketing•Mar 25, 2021•CarEdge, Black Book
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about CarEdge
Explore our recently published companies
- Divina Beauty Market - cali based, 2019 founded, Unfunded company
- Soul Mitra AI - Bengaluru based, 2025 founded, Unfunded company
- InfoBlock - Miguel Hidalgo based, 1997 founded, Public company
- TECVIA - Munich based, 2015 founded, Acquired company
- Tranzmute - Mumbai based, 2018 founded, Deadpooled company
- 1908 E-Ventures - Mumbai based, 1908 founded, Seed company
