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Digital Motors

acquired by Truecar

Irvine, US · Founded 2019 · 3 known investors

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Acquired by TrueCar May 2022 · $15.5M ($15.5M cash plus up to $8.0M contingent consideration; database estimate $26.8M total) · source ↗

Digital Motors built a white-label SaaS e-commerce platform enabling car dealerships and lenders to sell vehicles online end-to-end.

Founders & leadership

Digital Motors was founded in 2019 by Andreas Hinrichs.

AH
Andreas HinrichsFounder
NS
Nicholas StellmanExecutive

Board

SSSteve Schlenker
Steve SchlenkerBoard directorInvestor at DN Capital
AAAlexei Andreev
Alexei AndreevBoard directorCo-Founder and Managing Director at Autotech Ventures

Investors · 3

InMotion Ventureslisted by InMotion VenturesLondon · $317.5K – $2.6M

How we know: InMotion Ventures's portfolio page · funding news · press coverage · Not right? Tell us

DN CapitalreportedLondon · $270K – $22M

How we know: funding news · open dataset · 5k.vc investor directory · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$7.8M disclosed across 1 round · 2020

▶$7.8MraisedFeb 2021 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Andreas HinrichsExecutive Officer, Director
  • Steve SchlenkerDirector
  • Alexei AndreevDirector
  • Nicholas StellmanExecutive Officer, Director
Offering amount
$10M
Amount sold
$7.8M
First sale
Jul 2020
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does Digital Motors do?
Digital Motors built a white-label SaaS e-commerce platform enabling car dealerships and lenders to sell vehicles online end-to-end.
Who founded Digital Motors?
Digital Motors was founded by Andreas Hinrichs in 2019.
Who are Digital Motors's investors?
Digital Motors's investors include Autotech Ventures, InMotion Ventures, DN Capital.
How much funding has Digital Motors raised?
Digital Motors has disclosed $7.8M raised across 1 round.
Who acquired Digital Motors?
Digital Motors was acquired by Truecar.
Where is Digital Motors headquartered?
Digital Motors is headquartered in Irvine, US.