Carmoola

Carmoola simplifies vehicle purchasing through a direct-to-consumer car finance platform.

London, UK—Founded 2022—Website

£51.0MTotal raised

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.

Founders

Aidan Rushby

CEO

Amy McKechnie

Director of Product and Marketing

Roman Sumnikov

Chief Technology Officer

Igor Gordiichuk

Chief Information Officer

Investors

Series A16 January 2024
£15.5M
QED InvestorsLeadFollow-on
VentureFriendsFollow-on
InMotion VenturesFollow-on
AlleyCorp
u.ventures
Series A22 February 2023
£8.5M
QED InvestorsLead
VentureFriendsFollow-on
InMotion VenturesFollow-on
Seed12 April 2022
£27.0M
InMotion VenturesLead
VentureFriends
B
BCI
CV
Clocktower Ventures

Funding history

Series A16 January 2024

£15.5M

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.

Series A22 February 2023

£8.5M

Carmoola raises £8.5m Series A funding led by QED Investors to scale operations

The Series A round was led by QED Investors with participation from VentureFriends and InMotion Ventures.

Seed12 April 2022

£27.0M

Carmoola secures £27m seed funding from InMotion Ventures and other backers to develop its car finance platform.

The seed round was led by InMotion Ventures with participation from VentureFriends, BCI, Clocktower Ventures, and angel investors to fund product development.