Online auto dealer Carvana raises $160 million

11 Aug 2016

Carvana has raised a $160 million Series C round to expand its online dealerships and car “vending machines” across the U.S. Carvana is one of several websites aiming to make it easier to buy a car without ever stepping foot on a dealer’s lot. Others include Beepi Vroom and Shift. We wrote about all of them in our Automotive Annual (CIR 17.01, January 18, 2016)….

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.