Carmoola raises £15.5m in a Series A follow-on round led by QED Investors to expand its consumer lending reach.
The investment was backed by QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures to accelerate market expansion.
Carmoola is a British fintech operating a direct-to-consumer platform that streamlines car finance for retail buyers. The firm provides flexible credit options and digital tools designed to simplify vehicle purchasing.
Carmoola has secured £15.5m in a Series A follow-on funding round led by QED Investors, with participation from VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures. The capital will be deployed to reach additional car buyers within the UK market and support the company's progression towards profitability. This fresh investment follows previous funding secured early last year, bringing the firm's total capital raised to date to £146m including debt facilities.
From the founder
"We are incredibly excited about this new investment. It’s a testament to the hard work of our team and the clear value we bring to car buyers by doing things differently."
Aidan Rushby
CEO at Carmoola
Investor perspective
"Carmoola is shaking up an industry that had grown and remains complacent, and is addressing the poor customer outcomes and unnecessary hurdles that the incumbents have allowed to take hold."
Yusuf Özdalga
Partner and Head of Europe, QED Investors
Use of funds
- 01Accelerate go-to-market
- 02Scale operations
Investors
Yusuf Özdalga
QED Investors
Apostolos Apostolakis
VentureFriends
InMotion Ventures
Marshall Porter
AlleyCorp
u.ventures
Categories
About the company
Carmoola
Carmoola simplifies vehicle purchasing through a direct-to-consumer car finance platform.