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The Venture Codex

CarMax

12800 Tuckahoe Creek Pkwy, Richmond, VA, 23238, United States

Overview

CarMax is a leading used car retailer that provides an easy-to-use online platform for customers to search for new and used cars, research vehicle models, and compare different options. The platform offers a wide selection of vehicles with detailed information, including pricing, specifications, and features, allowing users to make informed decisions. CarMax also provides a transparent buying process, offering a no-haggle pricing policy and a 7-day return policy for added peace of mind. In addition to its online services, CarMax offers financing options and vehicle protection plans, making it a one-stop shop for car buyers.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
8

Sector focus

  • Automotive
  • Marketplace
  • Online Portals
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Investment portfolio

  • Carpool Logistics

    Participated · Series A · Mar 2025

    Carpool Logistics operates a technology-driven vehicle shipping marketplace that bundles multiple vehicles into single shipments to reduce turnaround times and costs while offering real-time tracking and security measures. The company plans to use new capital to accelerate technology development, expand product development, optimize logistics capabilities, and scale sales and marketing to drive customer acquisition and market expansion. Since its founding in 2021, Carpool has grown to serve over 1,800 clients—including auto auctions, dealerships, manufacturers, and fleets—and has shipped more than 150,000 vehicles. The platform emphasizes reducing environmental impact and integrating with customers’ workflows to make shipping a competitive advantage. Carpool is based in Atlanta, Georgia, and is a member of Atlanta Tech Village and a graduate of Georgia Tech’s ATDC. The company previously raised a $3.5 million seed round in 2022 from Atlanta Ventures and Overline Ventures. Carpool Logistics operates a logistics technology platform for shipping cars that connects vehicle shippers (auto auctions, dealers, manufacturers, and consumers) with auto haulers who have available truck space. The platform enables multiple clients to share space on a single truck to lower costs and reduce emissions. Led by CEO David Cummings, the company leverages marketplace and optimization technology to coordinate vehicle moves. Since launching in May 2021, Carpool Logistics has completed over 10,000 vehicle shipments and serves almost 250 customers. The company recently raised $2M and intends to use the funds to expand operations and accelerate development to address vehicle shipping challenges facing dealerships, auctions, manufacturers, and consumers.

  • Treehouse

    Participated · Series A · Oct 2024

    Treehouse has built AI models that predict job duration and material needs to minimize truck rolls for residential electrical work, focusing initially on EV charger installs. The company asks customers targeted questions and photos, can do virtual visits, and only sends a truck when necessary. Treehouse is licensed as an electrician and serves as the lead contractor, with independent electricians working as subs; it also employs electricians in California and Colorado. It operates in 40 states today and plans to be in all 50 by the end of the year, and intends to hire electricians in six to eight additional markets. The startup competes with Qmerit, Kopperfield, and Zero Homes and has partnerships with CarMax, Holman, Emporia, Quilt, and ChargePoint. Recent financing will be used to hire engineers and improve the company’s automation and quoting models as it expands geographically. Treehouse is a Detroit-based electrification company that delivers turnkey installations for home EV charging and is led by CEO and co‑founder Eric Owski. Its core product is an Installation-as-a-Service offering that pairs a proprietary network of electricians with automated permit documentation and end-to-end customer journey management. Treehouse's pricing technology provides instant, guaranteed quotes for home charging installation at the point of sale or via API, allowing installation costs to be integrated into vehicle financing. The company also compiles every federal, state, and local incentive for home EV charging to help owners maximize incentives and rate plans. Treehouse intends to use new funding to expand its Installation-as-a-Service to more than 30 states in the next 12 months and to invest in software to extend the offering to other electrification products. The company raised $10M in this funding round.

  • UVeye

    Participated · Series D · May 2023

    UVeye is an AI-driven vehicle inspection technology company that provides automated, data-driven diagnostics often described as an "MRI for vehicles". Its product suite includes underbody scanners, tire analyzers, and 360-degree exterior detection systems. Those systems have been installed at hundreds of dealerships, fleet sites, and auction lots globally. Clients include Amazon and General Motors. Led by CEO Amir Hever and based in Teaneck, NJ, the company raised $191M in the latest funding round, bringing total capital raised to $380.5M. UVeye plans to use the funds to expand globally, increase large-scale manufacturing capacity, and strengthen strategic partnerships. UVeye builds automated vehicle-inspection systems that use computer vision and machine learning to quickly and accurately inspect vehicles. The company produces three inspection systems: an underbody scanner, a tire system, and a 360-degree exterior system that can scan moving vehicles in seconds. Since its founding in 2016, UVeye has secured commercial agreements with OEMs and dealers including General Motors, Volvo Cars USA and CarMax and supports dealerships, auctions, insurance companies and commercial fleets. The company employs about 200 people and is based in New Jersey and Tel Aviv, with additional offices in Japan and Germany. UVeye plans to start production of its inspection systems in North America and accelerate sales growth to reach thousands of dealerships, used-car auctions and fleets within the next three years. Management sees longer-term opportunities serving EVs, autonomous and robotaxi fleets for safety and predictive maintenance by combining vehicle sensors with UVeye's capabilities. Financially, the company has raised roughly $200 million since 2016 and its valuation is about $800 million after the latest round. UVeye develops high-speed automated vehicle-inspection systems that combine proprietary algorithms, cloud architecture, artificial intelligence, machine learning and sensor fusion. Its drive-through scanners detect external and mechanical flaws, anomalies, modifications and foreign objects from under and from any side of a vehicle, completing scans within seconds and usable across a vehicle’s lifecycle. The technology was originally developed for the security industry to detect weapons and contraband and is now applied in the automotive industry to find quality issues such as oil leaks, paint scratches, tire damage, brake-line damage and exhaust-system problems. Founded in 2016 and based in Tel Aviv, Israel, UVeye operates facilities in North America, Europe and the Asia Pacific region, with offices in Israel, Japan, Germany and the U.S. The company has 100 employees. UVeye raised $60m in Series C funding and intends to use the proceeds for global expansion. UVeye develops automated vehicle-inspection systems that combine proprietary algorithms, cloud architecture, artificial intelligence, machine learning and sensor fusion to standardize and speed previously manual inspections. Its platforms serve both homeland security and automotive customers across the vehicle lifecycle, including supplier and OEM assembly lines, new-car showrooms, dealership service departments and used-vehicle auction sites. The company has installed systems at assembly plants, auction sites and dealerships around the world and has offices in Tel Aviv, Cleveland and New York, as well as locations in Japan and Germany. UVeye is led by CEO and co-founder Amir Hever and employs more than 100 people. The company says it will use the new funds to accelerate its global expansion plans and to enable Hyundai to deploy UVeye’s products across its operations worldwide. Since it was founded four years ago, UVeye has raised more than $40m from carmakers and other strategic investors including W. R. Berkley Corporation. UVeye develops vertically integrated drive-through scanning systems (hardware and software) that capture exterior, tire and undercarriage images and use computer vision and AI to detect anomalies. Its fully automated platform can read moving cars (up to ~20 mph) and detect cosmetic anomalies as small as 2 millimeters. Customers and use cases include OEMs, rental and used-car companies, insurers, security services, governments and ride-hailing fleets for inspections, claims and lifecycle management. The company is exploring deeper integration with vehicle diagnostics and potential expansion into interior/cargo scanning and logistics/security verticals. UVeye emphasizes full automation to replace manual inspections and continues to optimize its system and scale deployment to meet demand. Financially, the company has raised a new $31M round, bringing total capital raised to about $35M.

  • Cresta

    Participated · Series C · Mar 2022

    Cresta offers an end-to-end generative AI platform that provides real-time agent assistance, AI-driven quality management, coaching, and human-like virtual agents for contact centers. The platform surfaces real-time insights and behavioral best practices to scale winning behaviors across human agents while automating repetitive tasks with virtual agents. Cresta serves large customers including Intuit, Verizon, Brinks Home, Cox Communications, Hilton, and Carmax. The company says it nearly quadrupled annual recurring revenue (ARR) and nearly doubled its customer base in the last two years. Cresta plans to double down on its existing product suite, scale go-to-market efforts, and rapidly develop the next generation of virtual agents. To support R&D and scale, Cresta is opening two new engineering hubs in Romania and India in addition to existing offices in Palo Alto, San Francisco, New York, Berlin, and Toronto. Cresta builds a real-time intelligence platform for contact centers that turns real-time intelligence into real-time action. The company offers three solutions—Cresta for Agents, Cresta for Managers, and Cresta for Business—designed to improve agent performance and business outcomes. Cresta powers customer experiences for customers including CarMax, Blue Nile, Earthlink, Intuit, and Porsche. Led by CEO and co‑founder Zayd Enam and based in San Francisco, the company recently expanded its engineering and product leadership by hiring Ping Wu, co‑founder of Google Contact Center AI, as VP of Engineering and Product. The business closed a significant financing round in 2022, positioning it for further product and go‑to‑market growth. Cresta develops the Cresta Expertise Engine, an AI platform that offers real-time mentoring and feedback across customer communications to improve productivity for sales and service teams. The company also announced Cresta for Voice, a phone-based solution that provides real-time agent assistance and coaching, call transcription, dynamic reminders for key behaviors, and access to knowledge-base answers. Customers named in the article include Intuit, Porsche and Cox Communications. Led by co-founder and CEO Zayd Enam, Cresta plans to use new funding to support growth and further develop its Expertise Engine. The company highlights measurable business outcomes delivered within weeks for phone-based teams. The board includes former AT&T CEO John Donovan and co-founder Sebastian Thrun. Cresta builds AI-driven software that provides live suggestions and coaching to human contact-center agents and salespeople, using natural language processing to surface actions that worked in past successful interactions. The product focuses on improving conversation outcomes rather than fully automating exchanges, offering in-call guidance and training to reduce the impact of high turnover and limited employee experience. Cresta emphasizes close customer engagement, with its team living onsite with customers to tailor deployments. The company launched from stealth and has a roughly 30-person team led by CEO Zayd Enam; Sebastian Thrun is board chairman and listed as a co-founder. Cresta positions itself against established AI contact-center products from Salesforce, Google and Twilio while arguing its customer-obsessed team gives it an edge. Financially, the company has raised institutional backing to support growth, most recently from Greylock and Andreessen Horowitz.

Team

  • Adarsh Ramakrishnan

    Sr. Product Manager

    LinkedIn
  • Hugo Chavez

    Sales

  • Charles Joseph Wilson

    Executive Vice President, Chief Operating Officer

    LinkedIn
  • Brad Perry

    Senior Manager, Brand & Digital Product

    LinkedIn