Autozen Raises $5M+ in Seed Funding

Autozen

Autozen, a Vancouver, BC, Canada-based used car selling marketplace, closed a seed round of funding of over $5M.

The round was led by Vanedge Capital – with participation from Anges Québec, several super-angels as well as the existing investors.

The company intends to use the funds to accelerate expansion into new markets, both in Canada and the US.

Autozen’s CEO Olivier Vincent is also the co-founder. The platform allows car sellers access to hundreds of professional buyers. These buyers compete to get them the best possible price. Once an offer has been accepted by the company, everything else is taken care of, including payment, paperwork and pick up.

Autozen is currently expanding from its Vancouver origin into Toronto, Calgary and Edmonton – the company is also launching its presence in the US, starting with the Greater Seattle Area.

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