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- Caribou
Caribou Revenue, Valuation, Funding & Investors
Caribou is valued at $1.1B as of May 2022, a 100.0x multiple on its last reported $11M revenue.
Last Caribou valuation
$1.1B
Series C · May 2022
Last Caribou funding round
$115M
Series C · May 2022
Caribou revenue
$11M
Series C · May 2022
Key investors in Caribou
Accomplice
Motley Fool Ventures
Moderne Ventures
TruStage Ventures
Gaingels
Goldman Sachs
About Caribou
Caribou is a fintech platform headquartered in New York. It enables drivers to refinance auto loans through partnerships with banks like Capital One and KeyBank, targeting payment reductions via competitive rates. The service uses credit analysis algorithms for instant pre-approvals. Launched in 2020, Caribou streamlines refinancing for used car owners nationwide.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Subscription
Revenue
$11M (May 2022)
Valuation
$1.1B (May 2022)
Caribou Valuation
Caribou is currently valued at $1.1B, based on its Series C in May 2022.
The $115M round was led by Goldman Sachs, with participation from Accomplice, Firebolt Ventures, Harmonic Growth Partners, TruStage Ventures, Flucas Ventures and 5 other investors.
Caribou valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2022 | Series C | $1.1B | 100.0x |
Caribou Revenue
Caribou's latest recorded revenue is $11M, as of its Series C in May 2022. At a $1.1B valuation, that implies a 100.0x revenue multiple.
Caribou revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2022 | $11M | $1.1B | 100.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Caribou Funding History
Caribou has raised a total of $189M across 5 funding rounds.
Caribou's first fundraising round was a $5M seed round in March 2019. The most recent completed round was a $115M Series C in May 2022.
Caribou funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series C | Goldman Sachs (lead); Accomplice; Firebolt Ventures; Harmonic Growth Partners; TruStage Ventures; Flucas Ventures; Moderne Ventures; Gaingels; Motley Fool Ventures; Curql; Innovius Capital | $115M | $1.1B | Caribou, an auto fintech founded in 2016 and formerly known as MotoRefi, helps consumers refinance auto loans and access insurance through partnerships with credit unions, community banks, and other lenders, saving customers an average of over $100 per month on payments. The company claims to have refinanced more than $1.5 billion in loans, resulting in over $100 million in total interest savings for customers. It also launched a digital insurance marketplace and partnered with SoFi to white-label its refinancing technology. On May 20, 2022, Caribou closed an oversubscribed $115 million Series C funding round led by Goldman Sachs Asset Management, achieving a post-money valuation of $1.1 billion and unicorn status. New investors included Innovius Capital and Harmonic Growth Partners, while existing backers such as Accomplice, Curql Fund, Firebolt Ventures, Gaingels, Moderne Ventures, Motley Fool Ventures, and TruStage Ventures (listed as CMFG Ventures in some reports) also participated. This followed a $50 million Series B in May 2021, also led by Goldman Sachs, bringing total funding to over $190 million. Proceeds from the Series C will support platform investments, new product development, team expansion, and sustained growth amid rising car ownership costs. CEO Kevin Bennett emphasized the company's mission to simplify auto finance control. Investors like Innovius Capital highlighted Caribou's position in a massive market facing economic pressures. |
| May 2021 | Series B | Goldman Sachs (lead); Accomplice; Link Ventures; TruStage Ventures; Moderne Ventures; Motley Fool Ventures; IA Capital Group; Quiet Capital | $50M | - | Caribou is an auto fintech company, formerly MotoRefi, founded in 2016, that helps consumers refinance auto loans through partnerships with credit unions, community banks, and lenders, saving customers an average of over $100 per month on car payments. The company also offers a digital insurance marketplace for comparing auto insurance quotes and has partnered with SoFi to white-label its refinancing technology. By May 2022, Caribou had refinanced over $1.5 billion in loans, saving customers more than $100 million in total interest, and expanded its workforce from 40 to 500 employees across Washington D.C. and Denver. The queried Series B round in May 2021 raised $50 million, led by Goldman Sachs with participation from Accomplice, Moderne Ventures, Link Ventures, Motley Fool Ventures, CMFG Ventures (also referred to as IA Capital Group or TruStage Ventures), and others including Quiet Capital. The funds were used to scale operations, enhance technology, and broaden lender partnerships. Caribou's Series C round in May 2022 raised $115-116 million led by Goldman Sachs Asset Management, achieving a post-money valuation of $1.1 billion and bringing total funding to over $190 million. New investors included Innovius Capital and Harmonic, alongside existing backers like Accomplice, CMFG Ventures, Curql Fund, Firebolt Ventures, Gaingels, and Moderne Ventures. Proceeds supported platform investments, new products like the insurance marketplace, team expansion, and growth initiatives. Caribou positioned itself as a leader in auto fintech amid rising car ownership costs, with Goldman Sachs noting its strong culture and market impact. The company was incubated by QED Investors and backed by prominent VCs focused on fintech and consumer tech. |
| Jan 2021 | Series A | Moderne Ventures (lead) | $10M | - | Caribou raised $10 million in Series A funding in January 2021, led by Moderne Ventures alongside Link Ventures, Motley Fool Ventures, CMFG Ventures, and Gaingels. The auto fintech platform, founded in 2016, helps users compare auto insurance, refinance car loans, and access financial products through partnerships with credit unions and community banks. The Series A funding was used to develop platform capabilities and expand user acquisition. By May 2022, Caribou had raised additional capital and achieved unicorn status with a $1.1 billion valuation in a Series C round led by Goldman Sachs Asset Management. |
| Feb 2020 | Series A | Accomplice (lead); Link Ventures (lead); TruStage Ventures; Flucas Ventures; Gaingels; Motley Fool Ventures; Bossa Invest | $9M | - | - |
| Mar 2019 | Seed | Accomplice (lead); QED Investors; Motley Fool Ventures | $5M | - | - |
Who has invested in Caribou?
16 investors have backed Caribou across its funding rounds, including Accomplice, Motley Fool Ventures, Moderne Ventures, TruStage Ventures, Gaingels and Goldman Sachs.
Lead investors include Goldman Sachs, Moderne Ventures, Accomplice and Link Ventures.
Caribou Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2019 | ||
| 4 | Participant | Mar 2019 | ||
| 3 | Participant | Feb 2020 | ||
| 3 | Lead | Jan 2021 | ||
| 2 | Lead | Feb 2020 | ||
| 2 | Lead | May 2021 | ||
| 2 | Participant | Feb 2020 | ||
| 2 | Participant | Feb 2020 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | May 2021 | ||
This data is available for Pro users. Sign up to see all 16 Caribou investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCaribou Competitors
Caribou competitors include listed companies like Optasia, Shenzhen Sunline, Vitec Software and Donnelley Financial Solutions, and private ones like Micro Connect and Juniper Square.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.7B | - | ||
| Private | $108M | - | $1.1B | 10.2x | ||
| Publicly listed | $265M | $79M | $1.1B | 3.6x | ||
| Publicly listed | $292M | $14M | $1.1B | 3.1x | ||
| Publicly listed | $371M | $151M | $1B | 3.5x | ||
| Publicly listed | $767M | $122M | $1.2B | 1.8x |
Caribou Public Comps
Caribou is still privately-owned, but its public comps include Optasia, Goldman Sachs BDC, Shenzhen Sunline, Banca Ifis, Vitec Software, Donnelley Financial Solutions, Bravura Solutions, Orchid Island Capital, Intellect Design Arena Ltd and B2 Impact.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $265M | $79M | 4.3x | 3.6x | 14.5x | 9.1x | |||
| $303M | - | 9.8x | 8.9x | - | - | |||
| $292M | $14M | 3.7x | 3.1x | 76.1x | 38.5x | |||
| $826M | - | 1.3x | 1.1x | - | - | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $767M | $122M | 1.8x | 1.8x | 11.2x | 5.6x | |||
| $201M | $55M | 4.9x | 4.9x | 17.9x | 17.0x | |||
| $180M | - | 4.6x | 3.5x | - | - | |||
This data is available for Pro users. Sign up to see all Caribou competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Caribou
| When was Caribou founded? | Caribou was founded in 2016. |
| Where is Caribou headquartered? | Caribou is headquartered in Denver, CO, United States. |
| Is Caribou publicly listed? | No, Caribou is a private, VC-backed company. |
| What is Caribou's valuation? | Caribou was last valued at $1.1B in its Series C in May 2022. |
| How much funding has Caribou raised? | Caribou has raised $189M across 5 funding rounds. |
| What was Caribou's last funding round? | Caribou's last funding round was a $115M Series C in May 2022, led by Goldman Sachs. |
| Who are Caribou's investors? | Caribou's investors include Accomplice, Motley Fool Ventures, TruStage Ventures, Moderne Ventures, Link Ventures, Goldman Sachs, Flucas Ventures, Gaingels, Firebolt Ventures, Harmonic Growth Partners and 6 others. |
| What is Caribou's revenue? | Caribou's latest recorded revenue is $11M (May 2022). |
| What is Caribou's revenue multiple? | Caribou's latest valuation implies a 100.0x revenue multiple ($1.1B valuation on $11M of revenue). |
| Which companies are comparable to Caribou? | Companies comparable to Caribou include Micro Connect, Juniper Square, Optasia, Shenzhen Sunline, Vitec Software and Donnelley Financial Solutions. |
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