- Companies
- AutoFi
AutoFi Valuation, Funding & Investors
AutoFi is valued at $700M as of March 2022.
Last AutoFi valuation
$700M
Series C · Mar 2022
Last AutoFi funding round
$85M
Series C · Mar 2022
Cumulative funding AutoFi raised
$115M
across 4 funding rounds
Key investors in AutoFi
Crosslink Capital
Lerer Hippeau
Max Ventures
Red Swan Ventures
500 Global
FJ Labs
About AutoFi
AutoFi is a digital retailing platform that equips car dealerships with seamless online vehicle financing capabilities. Headquartered in Austin, Texas, since its founding in 2016, the company integrates lender networks into dealer websites and mobile apps for instant credit approvals and term customization. Consumers complete purchases from home through automated applications linked to dealer inventory systems. AutoFi connects to major dealer management software like Reynolds and CDK, streamlining point-of-sale transactions for automotive retailers across the United States.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$700M (Mar 2022)
AutoFi Valuation
AutoFi is currently valued at $700M, based on its Series C in March 2022.
The $85M round was led by Santander US, with participation from SVB Financial Group and Crosslink Capital.
AutoFi's valuation has grown 82x from $9M at its seed round in November 2015 to $700M in March 2022, across 2 priced rounds.
AutoFi valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Series C | $700M |
| Nov 2015 | Seed | $9M |
AutoFi Funding History
AutoFi has raised a total of $115M across 4 funding rounds.
AutoFi's first fundraising round was a $3M seed round in November 2015. The most recent completed round was a $85M Series C in March 2022.
AutoFi funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series C | Santander US (lead); SVB Financial Group; Crosslink Capital | $85M | $700M | AutoFi is a San Francisco-based commerce platform that unifies online and in-store automotive sales and financing experiences. The company's software enables customers to obtain instant credit approvals and firm financing offers from its network of leading lending institutions, with capabilities including pre-qualified financing displays showing actual vehicle prices and monthly payment estimates. AutoFi's customer base includes North America's top automotive dealers, digital retailers, banks, OEMs, and online marketplaces such as Audi, Ford, General Motors, and Lexus. In March 2022, AutoFi closed a Series C funding round of $85 million at a post-money valuation of nearly $700 million, with participation from Santander Holdings USA, SVB Financial Group, and Crosslink Capital. The company demonstrated strong traction with four consecutive years of 100% revenue growth, having processed more than one million automotive financing requests resulting in more than $3 billion in vehicle sales in 2021. By 2022, AutoFi's platform had scaled further, processing one million credit applications and generating $4 billion in total funded loans during that year. The funding was directed toward accelerating investment in engineering and customer-facing teams, with plans to continue expanding headcount and product capabilities including the recently launched RealPayments offering. |
| Aug 2017 | Series A | Crosslink Capital (lead); Lerer Hippeau; Ford | $10M | - | - |
| May 2016 | Undisclosed stage | Crosslink Capital (lead); Red Swan Ventures; Lerer Hippeau; Bruce Toll; Max Ventures; Reshape Ventures | $17M | - | - |
| Nov 2015 | Seed | Red Swan Ventures; Lerer Hippeau; Eniac Ventures; Max Ventures; Basset Investment Group; Laconia; FJ Labs; Fabrice Grinda; ZenStone Venture Capital; Sean Bill; Crosslink Capital; 500 Global | $3M | $9M | - |
Who has invested in AutoFi?
17 investors have backed AutoFi across its funding rounds, including Crosslink Capital, Lerer Hippeau, Max Ventures, Red Swan Ventures, 500 Global and FJ Labs.
Lead investors include Santander US and Crosslink Capital.
AutoFi Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2015 | ||
| 3 | Participant | Nov 2015 | ||
| 2 | Participant | Nov 2015 | ||
| 2 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | May 2016 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Participant | May 2016 | ||
This data is available for Pro users. Sign up to see all 17 AutoFi investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAutoFi Competitors
AutoFi competitors include listed companies like Alfa Financial Software, Vitec Software, AmeriTrust and Topicus, and private ones like Car Capital Technologies and Dazhongkanche.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $170M | $58M | $618M | 3.4x | ||
| Publicly listed | $371M | $151M | $1B | 3.5x | ||
| Private | - | - | $170M | - | ||
| Publicly listed | $1M | ($8M) | $165M | 63.0x | ||
| Publicly listed | $1.8B | $393M | $5.4B | 3.0x | ||
| Private | - | - | $735M | - |
AutoFi Public Comps
AutoFi is still privately-owned, but its public comps include Pinewood Technologies, Alfa Financial Software, Broadleaf, Qiming Information, Valu, High Templar Tech, Yonyou Auto Info Tech, DSC Holdings, Cerence and Vitec Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $54M | $22M | 12.2x | 12.1x | 30.1x | 29.9x | |||
| $170M | $58M | 3.5x | 3.4x | 10.3x | 10.4x | |||
| $134M | $34M | 4.3x | 4.1x | 17.2x | - | |||
| $115M | $14M | 7.4x | - | 62.4x | - | |||
| $108M | $22M | 4.1x | 7.0x | 20.2x | - | |||
| $6M | ($38M) | - | - | - | - | |||
| $76M | $6M | 10.9x | - | 150.4x | - | |||
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
This data is available for Pro users. Sign up to see all AutoFi competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AutoFi
| When was AutoFi founded? | AutoFi was founded in 2015. |
| Where is AutoFi headquartered? | AutoFi is headquartered in San Francisco, CA, United States. |
| Is AutoFi publicly listed? | No, AutoFi is a private, VC-backed company. |
| What is AutoFi's valuation? | AutoFi was last valued at $700M in its Series C in March 2022. |
| How much funding has AutoFi raised? | AutoFi has raised $115M across 4 funding rounds. |
| What was AutoFi's last funding round? | AutoFi's last funding round was a $85M Series C in March 2022, led by Santander US. |
| Who are AutoFi's investors? | AutoFi's investors include Crosslink Capital, Lerer Hippeau, Red Swan Ventures, Max Ventures, Eniac Ventures, Bruce Toll, Basset Investment Group, Laconia, FJ Labs, SVB Financial Group and 7 others. |
| Which companies are comparable to AutoFi? | Companies comparable to AutoFi include Alfa Financial Software, Vitec Software, Car Capital Technologies, AmeriTrust, Topicus and Dazhongkanche. |
See companies similar to AutoFi
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