Founded in 2017 by Johannes Stoffel and Marcus Lankenau, the startup 2trde has developed a range of software solutions that help car dealerships, leasing companies, automobile manufacturers, and car subscription providers market used cars more efficiently and profitably. For example, the use of machine learning is designed to significantly reduce the time required to list used cars for the sales process. Used car sellers can use the 2trde platform to list the vehicle simultaneously and in real time on multiple auction platforms. This allows dealers to optimize their sales results and benefit from significant cost savings.
After a first Investment of over 2.5 million euros in summer 2020 2trde has now increased this seed round to over €7 million. In addition to Adevinta Ventures, Aster Capital and existing investor Maniv Mobility also participated in the round.
"We are pleased to have Adevinta Ventures as a new investor, whose expertise in online marketplaces will accelerate our growth. With this fresh capital, we will focus even more on our rapid international expansion,"
says Johannes Stoffel, CEO and founder of 2trde.
“Crucial role in digitizing the B2B used car market”
Jordi Iserte, Investment Director at Adevinta Ventures, commented:
"The mobility sector has developed rapidly in recent years. We see a lot of untapped potential, especially in the B2B industry, for example in the digitalization of processes and marketing. 2trde's software solutions will play a crucial role in digitizing the B2B used car market and making dealers' businesses more profitable. We are excited about the partnership with 2trde and look forward to supporting Johannes and his experienced management team in realizing his growth ambitions."
