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HomeFinTechAutozen: Raises $5M+ in Seed Funding

Autozen: Raises $5M+ in Seed Funding

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Autozen Raises $5M+ in Seed Funding

  • Autozen, a Vancouver, BC, Canada-based used car selling marketplace, closed a seed round of funding of over $5M
  • The round was led by Vanedge Capital – with participation from Anges Québec, several super-angels as well as the existing investors
  • The company intends to use the funds to accelerate expansion into new markets, both in Canada and the US
  • The company is a platform that enables car sellers to benefit from hundreds of pre-vetted professional buyers that compete to give them the advantage of the best possible price
  • Once the offer is accepted, the company takes care of everything else including paperwork, payment and pick-up

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