DRIVIN raises $7.5M

What does Drivin do?

DRIVIN raises $7.5M who use data for helping in selling, sourcing, acquiring and delivering  used vehicles of good quality  to its dealers. The company delivers and markets used cars by using data and tech platforms. The company is disrupting the used car industry by providing a premier service which acquires, delivers and markets the right used cars for their lot. The company is powered by data. Its team has access to more than 2 million quality used car VINs all over the country. The company used data and technology for finding vehicles which meet its dealer’s partners’ standards in terms of quality, present them and buy them on their behalf. It handles all the paperwork and transport. It also markets its dealer’s partners aged inventory to its own network of more than 23,000 dealers around the country. Therefore, the company has the ability in helping its dealers partners increase their per vehicle profit, reduce the resources expenditure and overall boost the performance.

 How much Drivin was funded?

The company raised $7.5M in Series A on May 27, 2016 from Lightbank and Columbus Nova Technology Partners.

Previous funding

$10M in Series A on July 4, 2015

What is next for Drivin?

Drivin plans to use the latest funding raised to continue expanding its products and dealer partners.

More about Drivin

Drivin was founded in June, 2015 by Brad Keywell, Justin Mahlik and Kayne Grau. It has its headquarters in Chicago, Illinois. This is the first company of this type to supply info and a real market indeed for providing dealers the power when selling used cars. The company is transforming this sector by bringing technology and data together in a high tech fashion by helping automotive dealers trade the right kind of used cars at the right time and right price.