Runway Growth Capital Provides a $40 Million Growth Investment to CarNow
The funding will enable CarNow to accelerate product development and enhance its suite of digital retailing solutions to drive innovation in the car industry.
This strategic investment will support CarNow's continued market expansion and accelerated product development that will enhance the car buying and selling experience.
"This investment from
CarNow, known for its comprehensive suite of digital tools, including Digital Retail (Real-Time Retail), Digital Messaging (Real-Time Messaging), and Conversational CTAs (ConvertNow), has been at the forefront of revolutionizing the automotive retail sector. With this infusion of capital, CarNow will further develop its platform, expand its market reach, and continue providing exceptional value to its dealership customers and their consumers.
"We are excited to include CarNow in Runway's portfolio of innovative companies and support its effort to redefine the automotive buying experience for the digital age," said
CarNow is headquartered in
About
About CarNow
CarNow is the leading dealer retailing system in the automotive industry. Providing frictionless, real-time enterprise software solutions, CarNow enhances online engagement and streamlines communication between dealers and consumers. CarNow's solutions empower dealers to seamlessly manage the entire car-buying journey and provide shoppers with elevated digital retailing, messaging, and virtual showroom services. With 5,000 dealership customers and more than twenty manufacturer certifications, CarNow is one of the fastest-growing companies in automotive. CarNow is headquartered in
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway's filings with the
View original content to download multimedia:https://www.prnewswire.com/news-releases/runway-growth-capital-provides-a-40-million-growth-investment-to-carnow-302117064.html
SOURCE