Roadra operates a digital car auction platform that lets consumers sell cars directly to dealers using web-based photo and video inspections to create auction-grade vehicle profiles. The company was founded in 2019 by brothers Satchel and Bridger Kolde and launched its used-car marketplace product late last year. Roadra is developing AI-powered photo and video inspection features and other product enhancements funded by the recent raise. Dealers can bid on more than 3,000 consumer vehicles each month; year-to-date the platform has seen over $80 million in bids and sales growth averaging more than 70% month over month. Sellers can list from their phones, often sell in less than 24 hours, and potentially receive $1,000+ more than typical instant-offer vendors. The product also includes dealer-facing features such as daily car drops, a Tinder-like browsing interface, gamification rewards, and dealer chat to streamline inventory sourcing and build community.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2023