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AUTO1 Group has raised $1.1B across 3 funding rounds.
Key people at AUTO1 Group.
AUTO1 Group was founded in 2012 by Christian Bertermann (Co-Founder & CEO).
AUTO1 Group has raised $1.1B in total across 3 funding rounds.
Founded in 2012 by Christian Bertermann and Hakan Koç, AUTO1 Group is a Berlin-based digital automotive platform that facilitates the online buying and selling of used cars across Europe. The publicly traded company acquires vehicles from private sellers and resells them at a margin to over 60,000 independent automotive dealers and retail buyers. Operating across over thirty European countries, the enterprise generated five and a half billion euros in revenue and sold over 586,000 vehicles during 2023. Backed by major pre-IPO investors like SoftBank Vision Fund, the firm raised approximately one billion eight hundred million euros during its 2021 initial public offering on the Frankfurt Stock Exchange. The organization achieved a positive adjusted EBITDA in the fourth quarter of 2023 and operates prominent consumer brands such as Autohero and the wirkaufendeinauto sourcing platform.
AUTO1 Group is a Berlin-based technology company founded in 2012 that operates Europe's leading digital automotive platform for buying, selling, and financing used cars.[1][2][3][4] It builds a multi-brand ecosystem including AUTO1.com (B2B wholesale for dealers), wirkaufendeinauto.de (B2C car selling for consumers), and Autohero (B2C online car buying), serving professional dealers, fleet managers, and individual consumers across over 30 countries.[1][2][4] The platform solves inefficiencies in the used car market by streamlining procurement, inspection, reconditioning, logistics, and sales through proprietary technology, data analytics, and a vast inventory, generating €6.5 billion in revenue in 2022 with 3,423 to over 5,000 employees.[1][2][5]
AUTO1 Group was founded in 2012 in Berlin, Germany, by Hakan Koc, who serves as co-founder and Chairman of the Supervisory Board.[3][5] Emerging from the need to digitize a fragmented used car trading industry, the company quickly gained traction by launching its core platforms: AUTO1.com for dealer wholesale, wirkaufendeinauto.de for consumer sales, and Autohero for retail purchases.[1][2][4] Early pivotal moments included expanding to over 30 countries, building a robust logistics network, and leveraging data analytics for transparent pricing, which propelled its growth into a multi-billion euro business headquartered at Bergmannstraße 72.[1][4][5]
AUTO1 Group rides the wave of digital transformation in automotive retail, capitalizing on e-commerce growth and the shift to online used car marketplaces amid rising demand for transparent, efficient trading post-pandemic.[1][4][5] Timing aligns with Europe's fragmented used car sector—valued in billions—where traditional dealerships struggle with inventory turnover, allowing AUTO1's platform to consolidate power through scale and tech.[2] Market forces like data analytics, logistics optimization, and financing integration favor it, disrupting incumbents and influencing the ecosystem by setting standards for digital remarketing and sustainable practices.[1][4][6]
AUTO1 Group is poised to deepen market dominance by expanding financing, remarketing solutions, and tech innovations like AI-driven valuations amid electric vehicle adoption and economic recovery.[1][4] Trends such as omnichannel retail and sustainability will shape its path, potentially boosting revenues beyond 2022 levels through international growth and operational efficiencies.[2][5] Its influence may evolve from disruptor to infrastructure provider, powering the next era of automotive e-commerce—transforming how Europe buys and sells cars, just as it set out to do from Berlin over a decade ago.[1][4]
AUTO1 Group has raised $1.1B across 3 funding rounds. Most recently, it raised $560.0M Series F in January 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2018 | $560M Series F | — | DN Capital, Hambro Perks | Announced |
| May 1, 2017 | $400M Series E | — | Giza Polish Ventures, Kitchen Table Partners, Kreos Capital, White Star Capital, Gaetan Japy, Wiley Cerilli | Announced |
| Mar 1, 2015 | $120M Series D | — | AXA Strategic Ventures, Cherry Ventures, DN Capital, DST Global, HV Capital, HV Holtzbrinck Ventures, Piton Capital | Announced |
Key people at AUTO1 Group.
AUTO1 Group was founded in 2012 by Christian Bertermann (Co-Founder & CEO).
AUTO1 Group has raised $1.1B in total across 3 funding rounds.
AUTO1 Group's investors include DN Capital, Hambro Perks, Giza Polish Ventures, Kitchen Table Partners, Kreos Capital, White Star Capital, Gaetan Japy, Wiley Cerilli, AXA Strategic Ventures, Cherry Ventures, DST Global, HV Capital.
