Carnovo operates a one-stop platform that compares offers from over 1,500 dealerships, letting users configure a car, receive up to five offers, and contact dealers entirely digitally. Its business model combines SaaS for dealerships, classifieds and traditional and flexible renting. The company says it has more than 500,000 registered users and has facilitated vehicle sales worth over €200 million since launch. Carnovo was founded in 2017, has a team of about 25 people and expected revenue near €2 million in 2020. Management plans to use the funds to consolidate in Spain, expand into new countries and strengthen flexible subscription and digital sales models accelerated by the pandemic. The platform reports increased user interaction post-lockdown, with up to a 60% rise in dealer contacts and a user satisfaction rating of 4.8 out of 5. Carnovo operates an online comparison service for new-car offers. The platform was founded by Ferran Jover and Santiago Vernetta. At launch the company worked with 500 dealerships across Barcelona, Madrid and Levante. The business is categorized in the Internet/IT sector. In 2017 Carnovo closed a €2M financing that combined venture capital and public financing. Investors in that round included Antai Venture Builder, M4E, the company's team, and Enisa, which provided a participative loan.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2020