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

AutoFi Overview

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

United StatesSan Francisco, CA

Website

autofi.com

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

AutoFi valuation by funding round
DateStageValuation
Mar 2022Series C$700M
Nov 2015Seed$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

AutoFi funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2022Series CSantander US (lead); SVB Financial Group; Crosslink Capital$85M$700MAutoFi 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 2017Series ACrosslink Capital (lead); Lerer Hippeau; Ford$10M--
May 2016Undisclosed stageCrosslink Capital (lead); Red Swan Ventures; Lerer Hippeau; Bruce Toll; Max Ventures; Reshape Ventures$17M--
Nov 2015SeedRed 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

Investors in AutoFi by funding rounds participated
InvestorHQRoundsRoleFirst check
Crosslink CapitalUnited StatesSan Francisco, CA4LeadNov 2015
Lerer HippeauUnited StatesNew York City, NY3ParticipantNov 2015
Red Swan VenturesUnited StatesNew York City, NY2ParticipantNov 2015
Max VenturesUnited StatesNew York City, NY2ParticipantNov 2015
Eniac VenturesUnited StatesNew York City, NY1ParticipantNov 2015
Bruce TollUnited StatesPhiladelphia, PA1ParticipantMay 2016
Basset Investment GroupUnited StatesNew York City, NY1ParticipantNov 2015
LaconiaUnited StatesNew York City, NY1ParticipantNov 2015
FJ LabsUnited StatesNew York City, NY1ParticipantNov 2015
SVB Financial GroupUnited StatesSan Jose, CA1ParticipantMar 2022
Fabrice GrindaUnited StatesNew York City, NY1ParticipantNov 2015
Santander USUnited StatesBoston, MA1LeadMar 2022
Reshape VenturesUnited StatesNew York, NY1ParticipantMay 2016

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AutoFi Competitors

AutoFi competitors include listed companies like Alfa Financial Software, Vitec Software, AmeriTrust and Topicus, and private ones like Car Capital Technologies and Dazhongkanche.

Public and private companies comparable to AutoFi
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Alfa Financial SoftwareUnited KingdomUnited KingdomPublicly listed$170M$58M$618M3.4x
Vitec SoftwareSwedenSwedenPublicly listed$371M$151M$1B3.5x
Car Capital TechnologiesUnited StatesDallas, TXPrivate--$170M-
AmeriTrustCanadaCanadaPublicly listed$1M($8M)$165M63.0x
TopicusNetherlandsNetherlandsPublicly listed$1.8B$393M$5.4B3.0x
DazhongkancheChinaBeijingPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pinewood Technologies$54M$22M12.2x12.1x30.1x29.9x
Alfa Financial Software$170M$58M3.5x3.4x10.3x10.4x
Broadleaf$134M$34M4.3x4.1x17.2x-
Qiming Information$115M$14M7.4x-62.4x-
Valu$108M$22M4.1x7.0x20.2x-
High Templar Tech$6M($38M)----
Yonyou Auto Info Tech$76M$6M10.9x-150.4x-
DSC Holdings$101M($10M)3.3x-(34.3x)-

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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.

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