How much funding has Caramel raised?

Caramel has raised $12.0M in total funding, most recently a Series A round.

Who are Caramel's investors?

Caramel's investors include Zeev Ventures, Primera Capital, Hearst Ventures.

Where is Caramel headquartered?

Caramel is headquartered in Los Angeles, California, United States.

What industry is Caramel in?

Caramel operates in Fintech, Marketplace.

Caramel

Acquired

The safe & easy way to complete any private used car sale

Los Angeles, United States · Founded 2021 · $12.0M raised

Fintech

Marketplace

Headquarters: Los Angeles, California
Employees: 11–50
Founded: 2021
Business Model: B2C

Website: drivecaramel.com
Total Funding: $12.0M
Last Round: $12.0M Series AJul 2024
Rounds: 2

About

Caramel is a car checkout platform that simplifies private-party and independent-dealer used car transactions by handling DMV paperwork, secure payment, financing, insurance, and delivery — all for free to buyers and sellers. The platform is compatible with any vehicle listed for sale by owner and is available nationwide, integrating with major marketplaces including eBay Motors. Founded in 2021 and based in Los Angeles, Caramel processes the entire end-to-end transaction digitally so buyers and sellers can complete deals without meeting in person. In January 2025, eBay announced plans to acquire Caramel to enhance its vehicle transaction capabilities.

Summary

Caramel is a Fintech company based in Los Angeles, United States, founded in 2021. It has raised $12.0M in total across 2 rounds, most recently a $12.0M Series A round in Jul 2024. Investors include Zeev Ventures, Primera Capital and Hearst Ventures.

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