CitNOW Video Limited
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CitNOW Video Limited - overview
Established
2008
Location
Wokingham, -, UK
Primary Industry
Software
About
CitNOW Video Limited provides digital communication solutions designed specifically for the automotive dealership sector, enhancing customer engagement through personalized video content and interactive tools. CitNOW Video Limited, founded in 2008 in Wokingham, UK, specializes in digital communication for automotive dealerships, facilitating personalized customer interactions through video. The company has undergone strategic growth, recently securing funding from Livingbridge and Tenzing Private Equity. The firm has executed a total of 2 deals, with the most recent deal occurring on 19 July 2022.
CitNOW specializes in personalized digital communication solutions tailored for the automotive dealership industry. Their core offerings include CitNOW Appraise, CitNOW Bodyshop, CitNOW Conversations, CitNOW Imaging, CitNOW Insights, CitNOW Sales, CitNOW Triage, and CitNOW Workshop. These products collectively enhance customer engagement throughout the vehicle buying and maintenance journey, enabling retailers to create and share personalized videos and digital appraisals. The CitNOW platform facilitates online and offline communications, fostering trust and transparency across automotive retailers and dealerships in the UK, Europe, and Australia.
Current Investors
Tenzing Private Equity
Primary Industry
Software
Sub Industries
Music & Video Streaming Software, Sales & Marketing Software
Website
www.citnow.co.uk
Verticals
Cloud Computing, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
CitNOW Video Limited - timeline of key events
CitNOW Video Limited - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 11,611,000 | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | (1,151,854) | (1,613,000) | 966,000 | (802,000) | 27,000 | (17,000) | - | - | - |
| Operating Income (USD) | (1,151,854) | (1,613,000) | 237,000 | (802,000) | 27,000 | (17,000) | - | - | - |
| Operating Margin | - | - | 2.0% | - | - | - | - | - | - |
| % EBITDA Margin | - | - | 8.3% | - | - | - | - | - | - |
| NET Income (USD) | (1,187,854) | (1,905,000) | (56,000) | (1,001,000) | (109,000) | 8,450,000 | - | - | - |
| % Net Margin | - | - | (0.5%) | - | - | - | - | - | - |
CitNOW Video Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Auto Imaging Limited | - | ||||||||
| Add-on | Completed | Real Time Communications | - | ||||||||
| Secondary Buyout | Completed | CitNOW Video Limited | - | ||||||||
| Add-on | Completed | Web1on1 BV | - | ||||||||
| Add-on | Completed | Reef Business Systems Limited | - |
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CitNOW Video Limited - employee data
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