Berlin-based CarOnSale Secures €70M to Make Used Car Trading Easier

The funding round was led by new investor Northzone, along with existing backer HV Capital, and support from Insight Partners, Stripes, and Creandum.

“This Series C is a major milestone for CarOnSale and a strong signal of trust in our business model and team,” says Tom Krüger, CEO and Co-founder of CarOnSale. “We would like to thank Northzone, HV Capital, and our existing investors for their support and shared confidence. With this strong backing, we now have the perfect foundation to accelerate our growth across Europe even faster.”

CarOnSale, founded in 2018 by Tom Krüger, Fabian Roth, Oguz Özgüler, and Maximilian Schilling, aims to digitize the professional used car trade across Europe.

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Their platform offers a complete solution for B2B car trading—including vehicle inspections, logistics, and payment processing. The company believes this all-in-one approach brings more efficiency, transparency, and trust to the international used car market.

Sanjot Malhi, Partner at Northzone, says, “CarOnSale is building a category-defining pan-European platform in one of the deepest markets on the continent. Their end-to-end software is transformative for small businesses and the world’s largest OEMs alike. It’s our privilege to partner with Tom and the team, and believe the company has the potential to bring AI to an archaic industry and create a truly generational outcome.”

CarOnSale is already partnering with major car manufacturers (OEMs) and thousands of dealers across Europe, handling large volumes of transactions through its platform. The company is helping to modernize a traditionally offline and resistant used car trade sector.

CarOnSale’s goal is to reshape the professional used car market with a fully integrated software system that connects dealers and OEMs across borders.

Their platform includes services like vehicle inspections, logistics, and payment processing, aiming to make the buying and selling process more efficient, secure, and transparent.

They’re targeting Europe’s massive €450+ billion used car market, which remains highly fragmented and still largely offline—offering huge potential for digital transformation.

With the new funding, CarOnSale plans to expand across Europe, improve its products and services, and strengthen its position as a leading digital platform for professional vehicle trading. The company will focus on growing in current core markets while also entering new countries.

At the same time, CarOnSale will grow its team and enhance its digital infrastructure to support smooth and efficient cross-border car transactions.

About CarOnSale

Founded in 2018 CarOnSale (COS) aims to make car wholesale seamless across Europe through a digital marketplace that connects buyers and sellers. Focused on simplicity, profit, and personal service, COS is setting new standards in used car trading and invites passionate talent to join its fast-growing team.