Founded in 2012 in Seattle, Tred has evolved from a concierge test-drive service into a fully automated, “nobody-leaves-the-office” digital dealership for peer-to-peer car sales. The platform vets buyers and manages every step of the transaction, including payment collection, financing, warranty sales, and title transfer. After iterating through several service models, the company hit product-market fit in 2017 with its current software-driven approach. Tred’s workforce more than doubled last year to 25 employees, and its geographic footprint now spans Washington, Oregon, California, Texas, and Florida, with three additional states slated to come online within two months—covering up to 45% of the U.S. market. Management positions the company as the “PayPal for big-ticket goods,” aiming to power the back-end of peer-to-peer vehicle transactions. Benefiting from pandemic-driven demand for used cars, Tred is in a growth phase supported by $12 million in total funding raised to date, which includes prior convertible notes. Competitive peers include Vroom and Blinker, though many rivals only handle advertising rather than end-to-end sales services.

Total raised

$28M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2021