When was CarWoo founded?

CarWoo was founded in 2008 and raised its 1st funding round 1 year after it was founded.

Where is CarWoo located?

CarWoo is headquartered in Burlingame, United States. It is registered at 1212 ROLLINGS ROAD BURLINGAME, CA 94010.

Who is the current CEO of CarWoo?

Tommy McClung of CarWoo. They have also founded 1 company.

How many employees does CarWoo have?

As of Mar 31, 2026, the latest employee count at CarWoo is 4.

Is CarWoo a funded company?

CarWoo is a funded company, having raised a total of $12M across 5 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on May 20, 2009.

When was the latest funding round of CarWoo?

CarWoo's latest funding was a $***** Series B round on Dec 14, 2011, with participation from 4 investors. Its primary sector is Auto E-Commerce & Content. In United States, the Auto E-Commerce & Content sector has seen $20M in funding in 2026 to date.

Where does CarWoo rank among its competitors?

CarWoo ranks 50th amongst 529 active competitors, of which 21 are funded. It stands 7th 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 CarWoo?

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

CarWoo - 2026 Company Profile, Team, Funding & Competitors

CarWoo is a deadpooled company based in Burlingame (United States), founded in 2008 by Tommy McClung and Michael Young. It operates as a Limited information available. CarWoo has raised $12M in funding. The company has 529 active competitors, including 21 funded and 52 that have exited. Its top competitors include companies like Carvana, TrueCar and Droom.

Company Details

Website: www.truecar.com
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Registered Address: 1212 ROLLINGS ROAD BURLINGAME, CA 94010

Key Metrics

Founded Year

2008

Location

Burlingame, United States

Stage

Deadpooled

Total Funding

$12M in 5 rounds

Latest Funding Round

Series B, Dec 14, 2011, $*****

Investors

Aydin Senkut & 9 more

Ranked

50^th among 529 active competitors

Employee Count

4 as on Mar 31, 2026

Similar Companies

Carro & 234 more

View CarWoo's full profile

CarWoo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CARWOO, INC. CIN: 263557917 , Belgium, Active	Jan 05, 2010	-	-	-

CarWoo has raised a total funding of $12M over 5 rounds. Its first funding round was on May 20, 2009. Its latest funding round was a Series B round on Dec 14, 2011 for $*****. 4 investors participated in its latest round. CarWoo has 7 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of CarWoo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 14, 2011	6150718	Series B	3993298	3625747	5033925	2177482
Oct 13, 2010	7186486	Series A	1658203	3891538	4056487	InterWest Partners & 3 more
Jan 2010	7462516	Seed	2744107	6344209	9878879	Accelerator Ventures & 5 more

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View details of CarWoo's funding rounds and investors

The founders of CarWoo are Tommy McClung and Michael Young.

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

Tommy McClung: Former Co-Founder & CEO of CarWoo and founder of 4 other companies, including Release, Release and Release.
Contact Info: 2 email addresses
Michael Young: Founder of CarWoo.

View details of CarWoo's Founder profiles and Board Members

CarWoo's employee count trend

CarWoo has 4 employees as of Mar 26. Here is CarWoo's employee count trend over the years:

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Top competitors of CarWoo include Carvana, TrueCar and Droom. Here is the list of Top 10 competitors of CarWoo, 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, Dundon Capital Partners ... & 2 others	85/100
2nd	TrueCar 2005, Santa Monica (United States), Acquired	Online new and used cars listing platform	$270M	Allen & Company, USAA & 22 others	76/100
3rd	Droom 2014, Gurugram (India), Series G	Online retailer of used and new automobiles, plus related services	$344M	Digital Garage, Toyota Tsusho & 67 others	75/100
4th	CarGurus 2006, Cambridge (United States), Public	Online retailer of used and new cars with financing options	$1.75M	Vitruvian Partners, Ithaka Partners & 1 others	74/100
5th	Cars.com 1998, Chicago (United States), Public	Online retailer of new and used cars, providing reviews	-	Starboard Value, Putnam & 1 others	73/100
6th	ACV Auctions 2014, Buffalo (United States), Series E	Online marketplace providing auction services for used vehicles to licensed dealers	$350M	Bessemer Venture Partners, Tribeca Venture Partners ... & 16 others	73/100
7th	Copart 1982, Dallas (United States), Public	Online marketplace for used and salvaged vehicles	$1.1M	-	72/100
8th	Edmunds.com 1966, Santa Monica (United States), Acquired	Online listing platform for multi-category used vehicles & price comparison	$50M	CarMax, Dover Madison Capital Management	71/100
9th	Carsales 1998, Melbourne (Australia), Public	Online listing platform for used cars	-	AUI, AMCIL & 2 others	67/100
10th	Vroom 2013, New York City (United States), Public	Online dealer of used cars	$708M	durablecapitalpartners.com, Altimeter Capital ... & 21 others	67/100
50th	CarWoo 2008, Burlingame (United States), Deadpooled	Limited information available	$12M	Accelerator Ventures, ACE & Company & 8 others	36/100