Caramel - About the company
Caramel is an acquired company based in Encino (United States), founded in 2021 by Andrew Rohrlich, Craig Nehamen and Edward Brojerdi. It operates as a Platform facilitating private used car sales with secure transaction management. Caramel has raised $33.4M in funding from Hearst. The company has 476 active competitors, including 21 funded and 55 that have exited. Its top competitors include companies like Carvana, TrueCar and Droom.
Company Details
Platform facilitating private used car sales with secure transaction management. It offers identity verification, financing options, vehicle protection products, and insurance choices. The platform manages payment processing, document signing, and title transfers. It allows buyers and sellers to negotiate prices and arrange vehicle transport or pickup.
- Website
- www.drivecaramel.com/
- Social
- Email ID
- *****@drivecaramel.com
- Phone Number
- +1 **********
- Registered Address
- 16350 Ventura Blvd, Suite D513, Encino, United States, 91436, CA
Key Metrics
Founded Year
2021
Location
Encino, United States
Stage
Acquired
Total Funding
$33.4M in 2 rounds
Latest Funding Round
Ranked
26th among 476 active competitors
Employee Count
135 as on Mar 31, 2026
Exit Details
Acquired by eBay (Jan 14, 2025)
Legal entities associated with Caramel
Caramel is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Caramel Dealer Services, LLC CIN: 0018y000008viURAAY , United States, Active | May 02, 2023 | - | - | - |
Caramel's acquisition details
Caramel got acquired by eBay on Jan 14, 2025.
Click here to take a look at Caramel's acquisition in detail
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Caramel's funding and investors
Caramel has raised a total funding of $33.4M over 2 rounds. Its first funding round was on Mar 22, 2023. Caramel has 4 institutional investors.
Here is the list of recent funding rounds of Caramel:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 08, 2024 | 6472871 | Series A | 6535452 | 8834623 | 3096178 | 2245827 |
Mar 22, 2023 | 4807139 | Seed | 5771378 | 1840747 |
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Caramel's founders and board of directors
Founder? Claim ProfileThe founders of Caramel are Andrew Rohrlich, Craig Nehamen and Edward Brojerdi. Edward Brojerdi and Craig Nehamen are the CEOs of Caramel.
Here are the details of Caramel's key team members:
- Andrew Rohrlich: Co-Founder & VP of Marketing of Caramel.
- Craig Nehamen: Co-Founder & Co-CEO of Caramel. Contact Info: 1 email address
- Edward Brojerdi: Co-Founder & Co-CEO of Caramel.
View details of Caramel's Founder profiles and Board Members
Caramel's employee count trend
Caramel has 135 employees as of Mar 26. Here is Caramel's employee count trend over the years:
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Caramel's Competitors and alternates
Top competitors of Caramel include Carvana, TrueCar and Droom. Here is the list of Top 10 competitors of Caramel, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Carvana 2012, Phoenix (United States), Public | Online dealer of pre owned cars | $460M | 84/100 | |
2nd | TrueCar 2005, Santa Monica (United States), Acquired | Online new and used cars listing platform | $270M | 76/100 | |
3rd | Online retailer of used and new automobiles, plus related services | $344M | 75/100 | ||
4th | Copart 1982, Dallas (United States), Public | Online marketplace for used and salvaged vehicles | $1.1M | - | 74/100 |
5th | ACV Auctions 2014, Buffalo (United States), Series E | Online marketplace providing auction services for used vehicles to licensed dealers | $350M | 70/100 | |
6th | CarGurus 2006, Cambridge (United States), Public | Online retailer of used and new cars with financing options | $1.75M | 68/100 | |
7th | CarLotz 2011, Charlotte (United States), Acquired | Online P2P consignment-based car trading platform | $37M | 68/100 | |
8th | Cars.com 1998, Chicago (United States), Public | Online retailer of new and used cars, providing reviews | - | 68/100 | |
9th |  Vroom 2013, New York City (United States), Public | Online dealer of used cars | $708M | 67/100 | |
10th | CarMax 1993, Richmond (United States), Public | Retailer of used cars | - | - | 66/100 |
26th |  Caramel 2021, Encino (United States), Acquired | Platform facilitating private used car sales with secure transaction management | $33.4M | 53/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Caramel's competitors? Click here to see the top ones
Caramel's Investments and acquisitions
Caramel has made no investments or acquisitions yet.
Reports related to Caramel
Here is the latest report on Caramel's sector:
News related to Caramel
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•
Ebay expanded offer: takeover of the automotive marketplace CaramelFinanzNachrichten•Jan 14, 2025•eBay, Caramel, Caramel, eBay
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FAQs about Caramel
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