February 25, 2025
Madrid-Based Used Car Platform Dealcar Raises €3M in Seed Funding To Expand Across Europe
Madrid, Spain –
Dealcar, specializing in digital solutions for used car dealerships, has secured €3M in a seed funding round. The investment was led by Ghent-based Entourage and 4Founders Capital, alongside participation from Bynd Venture Capital, Demium Capital, Itnig, Toubkal Partners, and angel investors such as Alexandre Guinefolleau, CEO of Amenitiz, and Carles Marcos, Country Manager of Qonto. The round, which closed on February 24, 2025, will support Dealcar’s expansion into France, Italy, and Germany, strengthen its presence in Spain, and drive the adoption of Dealcar Pay as the preferred payment solution for used car transactions.
About Dealcar
Founded in 2023 by Carlos Horno and Sergio Guisado, Dealcar provides an all-in-one platform that digitizes and streamlines the buying and selling of used cars. Designed to serve dealerships of all sizes, the platform offers inventory management, customer relationship tools, financing integrations, and additional services such as insurance, warranties, and logistics. Currently, Dealcar collaborates with over 150 dealerships, managing approximately 8,000 cars daily. The platform combines fintech capabilities to facilitate transactions and enhance dealer efficiency.
Purpose of financing
With the fresh capital, Dealcar aims to accelerate its European expansion, targeting key markets such as France, Italy, and Germany. The company also plans to strengthen its proprietary payment solution, Dealcar Pay, which simplifies and secures transactions for both dealerships and buyers. By integrating a seamless digital payment experience, Dealcar seeks to optimize liquidity and reduce vehicle stock turnover times.
Founder's Insights
Carlos Horno and Sergio Guisado, co-founders of Dealcar, emphasized their vision for transforming the used car market.:
“We aim to be the operating system for every used car transaction in Europe. Our goal is to cut stock turnover time from 90 days to half, bringing more liquidity and confidence to the market,” they stated.
Investor Perspective
Jesus Monleon, founding partner of 4Founders Capital, highlighted Dealcar’s unique market position:
“Dealcar is the only platform in Europe integrating all aspects of vehicle sales. Their ability to automate and modernize the sector is unparalleled,” he explained.
Conclusion
Dealcar’s latest funding round underscores the growing demand for digital automotive solutions in Europe. With strong investor backing and a clear expansion strategy, the company is poised to reshape the used car dealership landscape across the continent.
For updates, visit Dealcar on Linkedin.