Dealcar, a Madrid-based platform for used car dealerships, has secured €3M in seed funding to propel its expansion into key European markets like France, Italy, and Germany. The funding, led by Entourage and 4Founders Capital, will enhance its all-in-one payment solution, Dealcar Pay, streamlining transactions. Co-founders Carlos Horno and Sergio Guisado aim to transform used car transactions, reducing inventory turnover significantly. The platform supports over 150 dealerships and manages about 8,000 cars daily, maximizing efficiency through fintech integration and omnichannel solutions for both online and offline operations.
"We aim to be the operating system on which every used car transaction will take place very shortly. Our goal is to reduce the stock turnover time from 90 days to half, providing liquidity and confidence to the used car market."
"Dealcar is the all-in-one platform that digitises and optimises the buying and selling of used cars for dealerships of all sizes, from large groups to independent dealers."
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