Dealcar funding news – Barcelona-based Dealcar Secures €3 Million in Seed Funding

The funding round was led by Entourage and 4Founders Capital, along with other investors like Itnig Capital, Demium Capital, and Bynd. Angel investors such as Toubkal Partners, Alexandre Guinefolleau, CEO of Amenitiz, and Carles Marcos, Country Manager of Qonto, also participated.

Carlos Horno and Sergio Guisado, Co-founders of Dealcar, said: “We aim to be the operating system on which every used car transaction will take place in the very near future. Our goal is to reduce the stock turnover time from 90 days to half, providing liquidity and confidence to the used car market”. They add, “This capital injection allows us to accelerate our growth, reinforce our technology and further improve the experience of our users.”

The goal of this funding is to strengthen it's presence in Spain and expand into important European markets like France, Italy, and Germany.

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Some of the funds will also be used to improve Dealcar Pay, its all-in-one payment solution, which aims to make transactions faster, safer, and easier for both dealerships and buyers, with the goal of becoming the main payment method for used car purchases.

Jesus Monleon, founding partner of 4Founders Capital, explains: “Dealcar is the only platform in Europe that integrates all aspects of the vehicle buying and selling process and is demonstrating a strong ability to automate the sector and respond to the urgent need for modernization. With this round, in addition to strengthening its position in Spain, it lays the groundwork for its international expansion.”

Jorge Dobón, Founder and CEO of Demium Capital, adds: “At Demium VC we focus on identifying and supporting entrepreneurs with a clear vision and exceptional execution capabilities. Dealcar has demonstrated a deep understanding of the used car market’s needs and a solid strategy to digitize and optimize this sector. We are confident that their innovative approach and dedicated team will enable them to lead the transformation of the industry in Europe.”

About Dealcar

Founded in 2023, Dealcar offers a platform that combines management, payment, and financing solutions to help used car dealerships streamline the sales process.