Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Carwow on its Series E financing led by Bessemer Venture Partners, with participation from existing shareholders including Accel, Balderton, Episode 1 and Vitruvian.

Carwow is the number one marketplace for buying and selling cars, connecting its customers to over 5,000 car dealers and OEMs. Carwow boasts one of the world’s largest YouTube automotive channels with over 9 million subscribers and over 1 billion annual views. This social engagement builds the brand for Carwow’s businesses in the UK, Germany and Spain. Last year nearly £3bn worth of cars were bought through the platform whilst £1.8bn of cars were listed for sale through its Sell My Car (SMC) service.

The funding will enable Carwow to accelerate its expansion in continental Europe and further enhance its offering to car buyers and sellers.

This transaction reaffirms the position of Arma Partners’ Private Capital practice as the advisor of choice for high-growth companies across Europe as well as our ability to execute successfully even in challenging market conditions. The transaction further showcases Arma Partners’ experience as a leading specialist advisor in consumer marketplace space and underlines the firm’s strong position in the UK.