Carmigo
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Carmigo - overview
Established
2020
Location
-, MS, US
Primary Industry
Internet
About
Based in Mississippi, US, and founded in 2020 by CEO Andrew Warmath, COO Daniel Kim, and Sean Peoples, Carmigo, Inc. operates as a provider of an online vehicle marketplace connecting individual sellers with dealers in a one-day auction. In August 2022, Carmigo, Inc. raised USD 7 million in venture funding led by First Southern Bancorp, Inc.
, with participation from Advantage Capital. As of August 2022, the company employs about 30 employees. Carmigo provides an online vehicle marketplace where a seller enters the car’s information and gets a free estimate on the value of the vehicle. The company’s web application guides sellers through building their car’s profile by adding 13 preset pictures of the car and then allows them to set the reserve price.
Carmingo allows users to watch the auction of their car live from their phone throughout the day. The company generates revenue from charging a selling fee of USD 350 once the individual’s car gets sold at the price individual agreed. Carmigo plans to use its proceeds from August 2022 funding to develop its product to enhance buying capabilities for dealerships and the selling experience for individual sellers, continue building its marketplace, and expand its team.
Current Investors
Advantage Capital, Southern Bancorp, Inc.
Primary Industry
Internet
Sub Industries
Web Applications
Website
www.carmigo.io
Verticals
E-commerce
Company Stage
Early Stage
Total Amount Raised
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