Carketa Raises Funding

By Staff Writer September 14, 2020

Carketa, the Utah-based developer of the Carketa “Recon” SaaS app, announced it closed a $1.375 million seed round financing led by Crosslink Capital with additional funding from Hack VC. Carketa’s mission is to help independent and franchise car dealers sell more cars faster online. Carketa, founded in 2019 was primarily marketed to Utah based independent car dealers.

“With this funding Carketa is expanding sales to independent and franchise dealers nationwide,” said Carketa CEO Brady Thurgood.

Jason Berry, co-founder, also owns Action Auto, one of Utah’s fastest growing independent car dealerships. Carketa was formed to dramatically improve the reconditioning process. Carketa Recon is reconfigurable to match any dealer’s current process and tightly coupled with the Carketa Condition Report, a 200+ point inspection system detailing a car’s current condition. Dealers need a Current Condition Report to sell online.

Crosslink Capital is based in San Francisco.

“We’re excited to lead the seed round for Carketa,” said Jim Feuille, partner at Crosslink. “We have been impressed by what the team accomplished in a short period of time and look forward to supporting their vision to produce better car dealer solutions as car sales move online.”

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Last modified on Tuesday, 15 September 2020 13:53