Carwow, a UK independent internet car buying site, has continued to expand into Europe by first starting to move into France starting next month.
The company has stated that it has already helped to sell £2 billion or more worth of cars and vehicles since they began business in the UK in 2013. Since then they have launched in Germany in 2016, and in addition to France plans to expand into Spain soon too.
The intense growth into new territories outside of the UK has been made possible by a recent £30m injection of funds during July of last year.
That funding was led primarily by Vitruvian Partners, a private equity firm that's also helped businesses like Skyscanner, Trustpilot, and Just-Eat.
This was primarily done to help international expansion especially after the growth that occurred in the UK and Germany. Business in France will be led by Thibault Penicaut.
Carwow's operations in the UK just recently moved into their London headquarters at Victoria where is houses 140 staff members.
Found and chief executive for Carwow, James Hind recently stated, “The demand for the Carwow offering is growing all the time as both buyers and dealers encounter the same fundamental challenges in Europe and further afield."
“It feels like a sensible and natural progression for us to extend our proposition to other markets.”
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