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

Caribou Overview

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

United StatesDenver, CO

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

Caribou valuation by funding round
DateStageValuationRevenue Multiple
May 2022Series C$1.1B100.0x

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

Caribou revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2022$11M$1.1B100.0xSeries 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

Caribou funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Series CGoldman Sachs (lead); Accomplice; Firebolt Ventures; Harmonic Growth Partners; TruStage Ventures; Flucas Ventures; Moderne Ventures; Gaingels; Motley Fool Ventures; Curql; Innovius Capital$115M$1.1BCaribou, 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 2021Series BGoldman 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 2021Series AModerne 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 2020Series AAccomplice (lead); Link Ventures (lead); TruStage Ventures; Flucas Ventures; Gaingels; Motley Fool Ventures; Bossa Invest$9M--
Mar 2019SeedAccomplice (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

Investors in Caribou by funding rounds participated
InvestorHQRoundsRoleFirst check
AccompliceUnited StatesBoston, MA4LeadMar 2019
Motley Fool VenturesUnited StatesWashington, DC4ParticipantMar 2019
TruStage VenturesUnited StatesMadison, WI3ParticipantFeb 2020
Moderne VenturesUnited StatesChicago, IL3LeadJan 2021
Link VenturesUnited StatesUnited States2LeadFeb 2020
Goldman SachsUnited StatesNew York City, NY2LeadMay 2021
Flucas VenturesUnited StatesWest Palm Beach, FL2ParticipantFeb 2020
GaingelsUnited StatesNew York City, NY2ParticipantFeb 2020
Firebolt VenturesUnited StatesSan Francisco, CA1ParticipantMay 2022
Harmonic Growth PartnersUnited StatesWashington, DC1ParticipantMay 2022
QED InvestorsUnited StatesAlexandria, VA1ParticipantMar 2019
IA Capital GroupUnited StatesNew York City, NY1ParticipantMay 2021
Quiet CapitalUnited StatesSan Francisco, CA1ParticipantMay 2021

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Caribou 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.

Public and private companies comparable to Caribou
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Micro ConnectHong KongHong KongPrivate--$1.7B-
Juniper SquareUnited StatesSan Francisco, CAPrivate$108M-$1.1B10.2x
OptasiaUAEUAEPublicly listed$265M$79M$1.1B3.6x
Shenzhen SunlineChinaChinaPublicly listed$292M$14M$1.1B3.1x
Vitec SoftwareSwedenSwedenPublicly listed$371M$151M$1B3.5x
Donnelley Financial SolutionsUnited StatesUnited StatesPublicly listed$767M$122M$1.2B1.8x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Optasia$265M$79M4.3x3.6x14.5x9.1x
Goldman Sachs BDC$303M-9.8x8.9x--
Shenzhen Sunline$292M$14M3.7x3.1x76.1x38.5x
Banca Ifis$826M-1.3x1.1x--
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
Donnelley Financial Solutions$767M$122M1.8x1.8x11.2x5.6x
Bravura Solutions$201M$55M4.9x4.9x17.9x17.0x
Orchid Island Capital$180M-4.6x3.5x--

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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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