CHRYSTAL CAPITAL ACTS AS FINANCIAL ADVISOR TO CARWOW
Chrystal Capital Partners LLP (“Chrystal”), a Mayfair-based corporate finance and investment house, is pleased to announce that it has advised Carwow to bring in GLy New Mobility Fund, a prominent international investment group, as part of a larger raise alongside leading UK private equity groups Balderton, Accel and Vitruvian.
“Carwow is disrupting the European consumer car market through its innovative offering and technology stack. To complete a fund raise in challenging markets is a testament to the strength of their high growth, high margin business that is both proven and scalable.”
“Whatever it is, the way you tell your story online can make all the difference.“The Chrystal team worked relentlessly to introduce a broad range of strategic investors. Their reach was international and through their background in digital marketplaces they were able to communicate a clear investment case.””
About Carwow
UK-based Carwow is the largest online marketplace for brand new cars in Europe and is backed by several leading institutional venture capital firms including Balderton, Accel and Vitruvian Partners, as well as Mercedes-Benz’s parent company Daimler AG.
The carwow platform helps consumers learn about the available vehicles in the market, connecting them directly to dealers who provide offers for their chosen vehicle type. This helps consumers to get the best visibility on the markets, comparing prices, financing, delivery times and dealer quality. Whilst on the other side of the marketplace, dealers are able to capture demand from across the country with qualified leads. carwow also makes a significant and growing portion of its revenues from alternative sources, including their ‘Sell Your Car’ product, bolstered by the acquisition in June 2021 of Wizzle, as well as from original equipment manufacturers (OEMs) advertising on their platform, and from their YouTube channel.
For more information, see https://www.carwow.co.uk/
About Chrystal Capital
Chrystal Capital is a corporate finance and investment house with an established global network of Single Family Offices, Ultra High Net Worth Individuals and private equity co-investment partners. We act as a conduit between our network members, providing bespoke solutions for their capital and investment objectives.
Our core sectors are Digital Economy, Health & Wellness, Sustainable & Impact Investments, and Natural Resources.
Our service areas are Advisory, Principal Investments and Co-investments.
For further information please contact:
James Innes Managing Partner
james.innes@chrystalcapital.com
https://www.chrystalcapital.com