Innovative automotive investment platform TheCarCrowd has just completed its two-tranche seed round, securing a total investment of over £1m.
The investment from a group of experienced angels – as well as recurring investment from Notion Capital – indicates confidence in TheCarCrowd's ambitious global strategy, its growing list of partners, and repeated success in asset selection and acquisitions.
com.TheCarCrowd It operates as a specialist curation service, using its in-house expertise and proprietary data analytics to identify and source vehicles with strong investment cases. TheCarCrowd's asset selection algorithm has curated a portfolio of over 30 investment instruments, which collectively provide annual returns of 17.74%. It has also executed two successful exits, generating a return of over 35% for investors in one year.
This seed capital will be deployed to advance TheCarCrowd's mission, opening classic car investing to a wider audience than ever before. Leveraging new distribution partnerships, including Splint Invest and Konvi, TheCarCrowd has expanded its offerings to include Switzerland, Germany, France and Ireland. With over £1 million of assets already funded through this new approach to business, there is strong attraction from European investors for this high-performing asset class.
Outside of Europe, TheCarCrowd is developing relationships with distribution partners in the Middle East and Africa. He recently obtained a full Sharia compliance certificate from the Sharia Review House. With significant interest in high-value vehicles and alternative investments in the region, there is potential for exceptional growth.
Alongside its growing partnerships, TheCarCrowd is expanding its appeal to a wider audience with plans to launch an asset-backed token offering. At the same time, it will serve the needs of high-net-worth investors through its own portfolio and exclusive investment offerings – each of which provides higher value instruments with significantly greater potential returns. The platform also intends to launch a more “traditional” alternative investment fund later in 2024, focusing on automotive assets.
David Specett, CEO of TheCarCrowd, commented: “The tremendous success of our seed funding round represents another milestone in our journey, positioning us for global growth and delivering innovative products and services in new markets. We are very excited to partner with like-minded investment platforms.” To further help unlock opportunities for investors globally, alternative asset classes have proven extremely popular with investors when offered through trusted providers, and we are excellently positioned to serve these markets and deliver high-performing asset-backed investments for the future.
