When was CarsOnTheWeb founded?

CarsOnTheWeb was founded in 2004 and raised its 1st funding round 6 years after it was founded.

Where is CarsOnTheWeb located?

CarsOnTheWeb is headquartered in Tienen, Belgium.

How many employees does CarsOnTheWeb have?

As of Dec 31, 2021, the latest employee count at CarsOnTheWeb is 86.

Is CarsOnTheWeb a funded company?

CarsOnTheWeb is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Dec 17, 2010.

How much is CarsOnTheWeb worth?

The last known valuation of CarsOnTheWeb was $***** as of Nov 28, 2018.

When was the latest funding round of CarsOnTheWeb?

CarsOnTheWeb's latest funding was a $***** Series A round on Dec 17, 2010, with participation from 1 investor.

What is the annual revenue of CarsOnTheWeb?

Annual revenue of CarsOnTheWeb is more than €1B as on Dec 31, 2024

Where does CarsOnTheWeb rank among its competitors?

CarsOnTheWeb ranks 3rd amongst 10 active competitors, none of which are funded.

Who are the top competitors of CarsOnTheWeb?

CarsOnTheWeb's top competitors include AUTO1 Group, OPENLANE and Auctelia. Among them, AUTO1 Group secured the most recent funding round in July, 2020.

CarsOnTheWeb - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is CarsOnTheWeb an acquired company?

CarsOnTheWeb got acquired by KAR Global on Nov 28, 2018.

Company Details

CarsOnTheWeb is an online used car auction website exclusively for professional car dealers and traders. It offers new and used vehicles, passenger cars, delivery vans and light trucks to car traders and dealers.

Website: carsontheweb.com
Social
Email ID: *****@carsontheweb.com

Key Metrics

Founded Year

2004

Location

Tienen, Belgium

Stage

Acquired

Total Funding

$2.28M in 1 round

Latest Funding Round

Series A, Dec 17, 2010, $*****

Last Known Valuation

$***** as on Nov 28, 2018

Investors

Arkangelsfund & 2 more

Ranked

3^rd among 10 active competitors

Annual Revenue

€1B+ as on Dec 31, 2024

Employee Count

86 as on Dec 31, 2021

Investment & Acquisitions

Car Quality Services

Similar Companies

ACV Auctions & 97 more

Exit Details

Acquired by KAR Global (Nov 28, 2018)

View CarsOnTheWeb's full profile

CarsOnTheWeb is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OPENLANE Europe Holding CIN: 0667.644.664 , Belgium, Active	Dec 12, 2016	-	-	-
ADESA Europe NV CIN: 0867.129.223 , Belgium, Active	Aug 26, 2004	€1B+ (As on Dec 31, 2024)	86 (As on Dec 31, 2021)	-

CarsOnTheWeb got acquired by KAR Global on Nov 28, 2018 at an acquisition amount of $*****.

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

CarsOnTheWeb has raised a total funding of $2.28M over 1 round. Its latest funding round was a Series A round on Dec 17, 2010 for $*****. 1 investor participated in its latest round. CarsOnTheWeb has 3 institutional investors.

Here is the list of recent funding rounds of CarsOnTheWeb:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 17, 2010	7833749	Series A	1326849	3866118	8517956	2679593

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View details of CarsOnTheWeb's funding rounds and investors

The founders of CarsOnTheWeb is Geert DeBecker.

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

Geert DeBecker: Former Founder & ex-CEO of CarsOnTheWeb.

View details of CarsOnTheWeb's Founder profiles and Board Members

CarsOnTheWeb's employee count trend

CarsOnTheWeb has 86 employees as of Dec 21. The total employee count is 8.0% more than what it was in Dec 20. Here is CarsOnTheWeb's employee count trend over the years:

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Top competitors of CarsOnTheWeb include AUTO1 Group, OPENLANE and Auctelia. Here is the list of Top 10 competitors of CarsOnTheWeb, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AUTO1 Group 2012, Berlin (Germany), Public	Online B2B marketplace for used cars	$1.4B	Baillie Gifford, The Baupost Group & 27 others	68/100
2nd	OPENLANE 2004, Tienen (Belgium), Unfunded	Online used car auction platform	-	-	50/100
3rd	CarsOnTheWeb 2004, Tienen (Belgium), Acquired	Online used car auction services provider	$2.28M	Capital A, Arkangelsfund & 1 others	47/100
4th	Auctelia 2009, Mont Saint Guibert (Belgium), Acquired	Online auctioneer and direct sales of used industrial machinery and professional equipment	$1.72M	Namur Invest, Inventures & 1 others	40/100
5th	eCarsTrade 2016, Brussels (Belgium), Unfunded	Online auction platform for used cars	-	-	39/100
6th	ADESA 2004, Tienen (Belgium), Unfunded	Online B2B marketplace for used cars	-	-	35/100
7th	BINGOOO 1999, Bonn (Germany), Unfunded	Online B2B marketplace for used cars	-	-	23/100
8th	Wijkopenautos 2012, Antwerp (Belgium), Unfunded	Online platform for buying and selling used cars, providing a convenient and seamless experience for customers to evaluate, purchase, and sell vehicles	-	-	20/100
9th	Carmanager 2002, Asse (Belgium), Unfunded	B2B platform for professional car dealers and retailers	-	-	16/100
10th	I buy your car 2021, Leuze-en-Hainaut (Belgium), Unfunded	Online platform for selling used cars to professionals	-	-	16/100