Drivin is a Chicago-based service for automotive dealers that uses data to help sell, source, acquire and deliver quality used vehicles. Launched in 2015 by CEO Kayne Grau, the company provides dealer-focused inventory and remarketing services. Drivin received a $6.5M senior debt facility from Silicon Valley Bank. The company says it will use the proceeds to accelerate growth initiatives, continue expansion with current dealer partners and establish new relationships with dealerships nationwide. Drivin plans to launch Drivin Marketplace in the fall to enable dealers to acquire recommended inventory optimal to their lot and to remarket unwanted inventory to Drivin’s nationwide network. The financing is positioned to support the rollout and scaling of its dealer marketplace and related services. Drivin, launched in mid-2015 by CEO Kayne Grau, operates a nationwide service that finds and vets quality, wholesale-priced used vehicles and connects them with dealer partners across the U.S. The company is based in Chicago, Illinois. Drivin currently works with over 500 buying dealer partners and sources inventory from more than 25,000 dealer rooftops. It plans to use new capital to continue expanding both its products and its network of dealer partners. As of this round, Drivin has raised a total of $17.5m in funding.

Total raised

$14M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Sep 2016