{"id":291,"date":"2017-05-19T12:58:29","date_gmt":"2017-05-19T12:58:29","guid":{"rendered":"https:\/\/www.dncapital.com\/blog\/?p=291"},"modified":"2018-06-08T13:00:14","modified_gmt":"2018-06-08T13:00:14","slug":"auto1-group-valued-at-2-8-billion-in-latest-funding-round","status":"publish","type":"post","link":"https:\/\/www.dncapital.com\/blog\/auto1-group-valued-at-2-8-billion-in-latest-funding-round\/","title":{"rendered":"AUTO1 Group Valued at $2.8 Billion in Latest Funding Round"},"content":{"rendered":"

AUTO1 Group raises 360 million euros with leading banks and investors to<\/strong>
\n expand within Europe.<\/strong><\/h3>\n

On the 19th of May 2017 – AUTO1 Group, Europe\u2019s leading used-car marketplace, announced that it has raised 360 Million euros to focus on further penetrating European markets. The company was valued at 2.5 billion euros in its latest funding round from investors including\u00a0Princeville Global, Target Global and Baillie Gifford & Co. The latest funding is comprised of a mixture of debt and equity financing in cooperation with JP Morgan, Goldman Sachs, Barclays, CITI, BNP Paribas and BHF Bank. The company valuation has more than doubled since 2015.<\/h3>\n

In 2016, AUTO1 Group reported revenue of 1.5 billion euros, compared with 750 million euros
\nthe previous year. Co-founder and Co-CEO Christian Bertermann said, \u201cWe continue to target
\nvery high growth rates and seek to achieve a 10 percent market share in Europe mid- to longterm.”<\/h3>\n

In the five years since its founding, the company has grown to be the leading European used car
\nmarketplace with 330,000 cars sold by consumers and purchased by independent dealers on its
\nplatform in 2016. AUTO1 Group has a growing network of 320 evaluation branches and over
\n30,000 car dealers across Europe.<\/h3>\n

DN Capital were the first institutional investor and led the Series A.<\/h3>\n

About AUTO1 Group<\/strong><\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

AUTO1 Group is Europe\u2019s leading used-car marketplace with its own certified and diversified inventory. <\/em><\/p>\n

As a brand independent automotive platform, AUTO1 is aimed primarily at the used car trade. By connecting buyers and<\/em>
\n sellers through technology the company enables consumers as well as dealers to trade seamlessly. Founded in<\/em>
\n 2012, the company is empowering its consumers and dealers with liquidity, more business and first class supply.<\/em>
\n Sourcing from all channels including OEMs and dealerships. AUTO1 Group owns business units like AUTO1.com,<\/em>
\n Autohero.com or wirkaufendeinauto.de. AUTO1 Group operates in more than 20 countries and continues to<\/em>
\n expand rapidly. <\/em><\/p>\n

For more information: https:\/\/www.auto1-group.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"

AUTO1 Group raises 360 million euros with leading banks and investors to expand within Europe. On the 19th of May 2017 – AUTO1 Group, Europe\u2019s leading used-car marketplace, announced that it has raised 360 Million euros to focus on further […]<\/p>\n","protected":false},"author":2,"featured_media":292,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-news"],"_links":{"self":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":1,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions"}],"predecessor-version":[{"id":294,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions\/294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media\/292"}],"wp:attachment":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/categories?post=291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/tags?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}