2trde provides software solutions for mobility providers such as car dealerships, leasing companies and manufacturers to increase efficiency and profitability in the secondary market for used cars. Its platform aggregates bidding and connects sellers to multiple B2B marketing channels and auction partners, allowing vehicles to be offered on up to six auction platforms simultaneously. The company uses machine learning to reduce the average time needed to list used cars from 30 minutes to five minutes and covers the full process from registration to payment. 2trde serves a four‑digit number of customers and nearly 55,000 dealers and trading partners across Europe via its connected auction and trading partners. The new investment is intended to support international expansion, product development and talent acquisition as the company seeks to digitize and streamline the B2B used-car market. By simplifying trade-ins and scaling its technology-driven auction and trading solutions, 2trde aims to bring greater transparency, efficiency and profitability to the secondary market. 2trde has developed a range of B2B software solutions and a platform that lets used-car sellers access multiple marketing channels in real time. The company uses machine learning to speed up listing processes, claiming it can cut listing time to five minutes from about 30. The platform serves more than 380 customers and handles over 2,000 vehicles per month. 2trde was founded in 2017 and is headquartered in Munich. The team planned to grow from 14 to 25 employees by the end of the year. The company intends to expand into Austria, Spain, France and the Benelux region by the end of 2021.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2022