AutoGravity Funding, Investors & Competitors

AutoGravity has raised $110M across 4 funding rounds, most recently a $30M Series C in June 2018.

Last AutoGravity funding round

$30M

Series C · Jun 2018

Cumulative funding AutoGravity raised

$110M

across 4 funding rounds

Key investors in AutoGravity

AutoGravity Overview

About AutoGravity

AutoGravity is a California-based fintech company that operates a mobile app for car shopping and financing. Users select a vehicle, then receive personalized loan and lease offers from multiple lenders before visiting a dealership, with the platform partnering with more than 2,200 dealerships and lenders including U.S. Bank, TD Bank, and Santander. Its technology also powers white-label financing tools for automakers' captive finance arms, including Volkswagen Credit, Kia Motors, and Audi Financial Services, and the company earns revenue through lender attribution fees and dealer subscriptions rather than charging consumers directly.


Founded

2015

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Commission, Subscription

AutoGravity Funding History

AutoGravity has raised a total of $110M across 4 funding rounds.

AutoGravity's first fundraising round was a $20M seed round in October 2015. The most recent completed round was a $30M Series C in June 2018.

AutoGravity funding rounds

AutoGravity funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2018Series C-$30MAutoGravity is a California-based fintech startup founded in 2015 that developed a mobile app to simplify car buying and financing. Users select a vehicle and price, then prequalify for loans or leases from multiple lenders before visiting dealerships, partnering with over 2,200 dealerships like AutoNation and lenders such as U.S. Bank, TD Bank, and Santander. Since its national launch in June 2017, the platform generated over $3 billion in requested vehicle financing and attracted more than three million downloads. The company earns revenue from lender attribution fees per funded loan or dealer subscription fees, without charging consumers. Major backers include Daimler and Volkswagen Credit, which provided capital and integrated AutoGravity's technology into white-label platforms for Volkswagen Credit, Kia Motors, and Audi Financial Services. An earlier July 2017 investment from VW Credit brought cumulative funding over $50 million at that time, following a multi-million euro investment from Daimler earlier that year. The company aimed to transform auto financing amid growing mobile demand, with executives noting rapid consumer and industry adoption.
Jun 2017Series BVolkswagen Financial Services (lead)$30MAutoGravity is a California-based fintech company founded in 2015 that simplifies car shopping and financing through a mobile app. The platform allows consumers to obtain up to four personalized loan and lease offers for vehicles before visiting a dealership, providing transparent pricing and empowering informed purchasing decisions. AutoGravity's technology powers white-label financing platforms including the Volkswagen Credit app, Kia Motors financing app, and Audi Financial Services. Since its national launch in June 2017, more than $3 billion worth of vehicle financing loans have been requested through the platform. The company generates revenue through lender attribution fees paid per funded loan and subscription fees charged to dealers for transactable deals.
Oct 2016Series AMercedes-Benz (lead)$30MAutoGravity is a mobile application that enables consumers to search for vehicles, complete credit applications, and receive up to four personalized financing offers from lenders. Founded in fall 2015 and headquartered in Irvine, California, the company won Best of Show at FinovateFall 2016. Daimler Financial Services made a strategic investment described as a 'double-digit million euro investment' in the company, adding to prior capital raised. By late 2017, AutoGravity had raised a total of $80 million from investors including Daimler Financial Services, Volkswagen Credit, and DA Investments. The company's platform reached over 1.3 million users by 2017 and surpassed $2 billion in financing requested through its service, demonstrating significant traction in the digital auto financing market. AutoGravity's app was available on both iOS and Android with over 150,000 downloads, and the company partnered with major dealership groups including AutoNation and Fletcher Jones, as well as lending partners such as U.S. Bank, TD Bank, and Santander.
Oct 2015SeedMercedes-Benz (lead)$20MAutoGravity is a mobile auto shopping and financing startup founded in 2015 and headquartered in Irvine, California, offering an app that enables users to search for vehicles, complete credit applications, and receive personalized financing offers from multiple lenders. The company piloted its digital financing platform in California in mid-2016 with Mercedes-Benz Financial Services and earned a Best of Show award at FinovateFall 2016. Daimler Financial Services (part of Mercedes-Benz Group) made a strategic investment described as a 'double-digit million euro' or 'eight-figure sum' (multi-million euro), adding to early funding as AutoGravity expanded nationwide to 46 U.S. states. This investment, announced around late 2016 or early 2017, positioned AutoGravity as lender-agnostic technology to revolutionize online auto financing for Daimler and others. The platform surpassed $1 billion in financing requested by mid-2017 and reached $2 billion by late 2017, with over 1.3 million users and partnerships like Global Lending Services and Hyundai Capital America. It was recognized on the KPMG H2 Ventures Fintech 100 and profiled in Forbes as a top personal finance app.

Who has invested in AutoGravity?

2 investors have backed AutoGravity across its funding rounds, including Mercedes-Benz and Volkswagen Financial Services.

Lead investors include Volkswagen Financial Services and Mercedes-Benz.


AutoGravity Investors

Investors in AutoGravity by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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AutoGravity Competitors

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

Public and private companies comparable to AutoGravity
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AutoFiUnited StatesSan Francisco, CAPrivate--$700M-
Constellation SoftwareCanadaCanadaPublicly listed$12B$2.5B$43B3.5x
TopicusNetherlandsNetherlandsPublicly listed$1.8B$393M$5.4B3.0x
Vitec SoftwareSwedenSwedenPublicly listed$371M$151M$1B3.5x
Alfa Financial SoftwareUnited KingdomUnited KingdomPublicly listed$170M$58M$618M3.4x
Car Capital TechnologiesUnited StatesDallas, TXPrivate--$170M-

AutoGravity Public Comps

AutoGravity is still privately-owned, but its public comps include Block, Autodesk, PayPal, Constellation Software, Dassault Systemes, Affirm, Kaspi.kz, Mobility Global, Topicus and Klarna.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Block$24B$2.2B1.7x1.6x18.6x9.4x
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
PayPal$33B$7.2B1.4x1.4x6.6x6.9x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Affirm$4.3B$1.3B7.3x6.9x24.9x23.4x
Kaspi.kz$9B$3.2B2.0x2.0x5.9x5.3x
Mobility Global$1.8B$637M4.7x-12.9x-

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Common questions about AutoGravity

When was AutoGravity founded?AutoGravity was founded in 2015.
Where is AutoGravity headquartered?AutoGravity is headquartered in United States.
Is AutoGravity publicly listed?No, AutoGravity is a private, VC-backed company.
How much funding has AutoGravity raised?AutoGravity has raised $110M across 4 funding rounds.
What was AutoGravity's last funding round?AutoGravity's last funding round was a $30M Series C in June 2018.
Who are AutoGravity's investors?AutoGravity's investors include Mercedes-Benz and Volkswagen Financial Services.
Which companies are comparable to AutoGravity?Companies comparable to AutoGravity include AutoFi, Constellation Software, Topicus, Vitec Software, Alfa Financial Software and Car Capital Technologies.

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