In today’s news, online sales platform Digital Motors announced both a $10 million dollar financing round, and its expansion into Canada.
The $10 million Series A funding round was led by VC firm DN Capital.
Digital Motors dealer-based platform allows customers to go through all or portions of the entire automotive-purchasing process, including securing financing, online without stepping into the dealership. It turns any dealer’s or manufacturer’s website into an online store.
DN Capital is joined by several other high-profile investors, including Autotech Ventures and
Jaguar Land Rover’s InMotion Ventures.
Digital Motors operates a software-as-a-service (SaaS) business model that enables automotive clients to get set up 24 hours or less. The platform is configurable to the dealerships’ business rules and adheres to any manufacturer’s corporate identity and Minimum advertised pricing rules.
Visit the Automotive Ventures YouTube channel for more.