{"id":37415,"date":"2018-06-23T08:33:53","date_gmt":"2018-06-23T06:33:53","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=37415"},"modified":"2018-06-21T15:16:22","modified_gmt":"2018-06-21T13:16:22","slug":"abracar-alliance-x","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/","title":{"rendered":"Used car broker Abracar receives 11.5 million euros from Allianz X"},"content":{"rendered":"

The Munich startup Abracar<\/a> receives 11.5 million euros from Allianz X. The Munich-based insurance group has been involved in the start-up from the outset.<\/strong><\/p>\n

The startup facilitates the private sale of used cars. The company initially assists with pricing and condition assessment. It then handles marketing and buyer matching, securing the transaction with a warranty, legal expenses insurance, and a secure payment method. Sebastian Jost and Orhan K\u00f6roglu founded Abracar in 2016 with funding from Allianz X, Allianz's digital investment unit. Abracar plans to use the fresh capital to expand its market position in Germany and expand into France and Austria.<\/p>\n

\u201cAbracar is an excellent example of how we at Allianz X support young digital companies that offer overlap with our traditional core business,\u201d<\/p><\/blockquote>\n

says Dr. Nazim Cetin<\/strong>, CEO of Allianz X.<\/p>\n

\u201cWe are therefore very pleased with the development of Abracar and would now like to take the next step together.\u201d<\/p><\/blockquote>\n

Abracar completes car sale<\/h3>\n

Customers who want to sell their used car through Abracar enter their vehicle's key data and their asking price online, and the algorithm then provides a price suggestion. The startup sends an appraiser to the customer to conduct a detailed condition assessment and take professional photos. The company then places advertisements on portals such as Autoscout24 and mobile.de, in classifieds, on its own platform, and within its dealer network. The startup negotiates the price with interested parties and arranges viewing appointments. According to the company, an average of 1.8 viewing appointments are necessary for a sale. The seller pays four percent of the sales price for the service, with a minimum of \u20ac399 and a maximum of \u20ac999. Co-founder and Managing Director Orhan K\u00f6roglu<\/strong> says:<\/p>\n

\u201cWe want the customer to have as little effort and risk as possible.\u201d<\/p><\/blockquote>\n

According to the company, the used car market is worth almost \u20ac85 billion and is growing both in terms of unit sales and the average price of traded vehicles. The startup receives new orders worth more than \u20ac10 million per month. The average price of the used cars brokered is approximately \u20ac15,000.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Munich-based startup Abracar has received \u20ac11.5 million from Allianz X. The Munich-based insurance group has been involved in the young company from the outset. The startup facilitates the private sale of used cars. The company initially assists with pricing and condition assessment. It then takes over marketing and buyer matching, securing the transaction...<\/p>","protected":false},"author":26,"featured_media":37430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[2659,2111,52],"acf":[],"yoast_head":"\nGebrauchtwagenvermittler Abracar erh\u00e4lt 11,5 Millionen Euro von Allianz X - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das M\u00fcnchner Startup Abracar bekommt 11,5 Millionen Euro von Allianz X. Der M\u00fcnchner Versicherungskonzern ist von Beginn an am Jungunternehmen beteiligt.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gebrauchtwagenvermittler Abracar erh\u00e4lt 11,5 Millionen Euro von Allianz X - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Das M\u00fcnchner Startup Abracar bekommt 11,5 Millionen Euro von Allianz X. Der M\u00fcnchner Versicherungskonzern ist von Beginn an am Jungunternehmen beteiligt.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-23T06:33:53+00:00\" \/>\n<meta name=\"author\" content=\"Simon Tischer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Simon Tischer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/\",\"url\":\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/\",\"name\":\"Gebrauchtwagenvermittler Abracar erh\u00e4lt 11,5 Millionen Euro von Allianz X - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg\",\"datePublished\":\"2018-06-23T06:33:53+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/cab6cd082a88a9e4b2d6ca61a9031a4d\"},\"description\":\"Das M\u00fcnchner Startup Abracar bekommt 11,5 Millionen Euro von Allianz X. Der M\u00fcnchner Versicherungskonzern ist von Beginn an am Jungunternehmen beteiligt.\",\"breadcrumb\":{\"@id\":\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#primaryimage\",\"url\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg\",\"contentUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg\",\"width\":5110,\"height\":3407,\"caption\":\"Die Gr\u00fcnder und Gesch\u00e4ftsf\u00fchrer von Abracar, Orhan K\u00f6roglu und Sebastian Jost (v.l.).\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cms.munich-startup.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gebrauchtwagenvermittler Abracar erh\u00e4lt 11,5 Millionen Euro von Allianz X\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cms.munich-startup.net\/#website\",\"url\":\"https:\/\/cms.munich-startup.net\/\",\"name\":\"Munich Startup\",\"description\":\"Das offizielle Startup-Portal f\u00fcr M\u00fcnchen\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cms.munich-startup.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/cab6cd082a88a9e4b2d6ca61a9031a4d\",\"name\":\"Simon Tischer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0768e5403c34aa0074a7e723cd3a2795?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0768e5403c34aa0074a7e723cd3a2795?s=96&d=blank&r=g\",\"caption\":\"Simon Tischer\"},\"description\":\"Von Dezember 2015 bis Juni 2023 war Simon Tischer als Redakteur f\u00fcr Munich Startup t\u00e4tig.\",\"url\":\"https:\/\/cms.munich-startup.net\/en\/author\/tischer\/\"}]}<\/script>\n<meta property=\"og:image\" content=\"https:\/\/cms.munich-startup.net\/en\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"5110\" \/>\n\t<meta property=\"og:image:height\" content=\"3407\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Used car broker Abracar receives 11.5 million euros from Allianz X - Munich Startup","description":"The Munich-based startup Abracar receives 11.5 million euros from Allianz X. The Munich-based insurance group has been involved in the young company from the very beginning.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/","og_locale":"en_US","og_type":"article","og_title":"Gebrauchtwagenvermittler Abracar erh\u00e4lt 11,5 Millionen Euro von Allianz X - Munich Startup","og_description":"Das M\u00fcnchner Startup Abracar bekommt 11,5 Millionen Euro von Allianz X. Der M\u00fcnchner Versicherungskonzern ist von Beginn an am Jungunternehmen beteiligt.","og_url":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/","og_site_name":"Munich Startup","article_publisher":"https:\/\/www.facebook.com\/munichstartup\/","article_published_time":"2018-06-23T06:33:53+00:00","author":"Simon Tischer","twitter_card":"summary_large_image","twitter_creator":"@munich_startup","twitter_site":"@munich_startup","twitter_misc":{"Written by":"Simon Tischer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/","url":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/","name":"Used car broker Abracar receives 11.5 million euros from Allianz X - Munich Startup","isPartOf":{"@id":"https:\/\/cms.munich-startup.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#primaryimage"},"image":{"@id":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#primaryimage"},"thumbnailUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg","datePublished":"2018-06-23T06:33:53+00:00","author":{"@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/cab6cd082a88a9e4b2d6ca61a9031a4d"},"description":"The Munich-based startup Abracar receives 11.5 million euros from Allianz X. The Munich-based insurance group has been involved in the young company from the very beginning.","breadcrumb":{"@id":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#primaryimage","url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg","contentUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg","width":5110,"height":3407,"caption":"Die Gr\u00fcnder und Gesch\u00e4ftsf\u00fchrer von Abracar, Orhan K\u00f6roglu und Sebastian Jost (v.l.)."},{"@type":"BreadcrumbList","@id":"https:\/\/cms.munich-startup.net\/en\/37415\/abracar-alliance-x\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cms.munich-startup.net\/"},{"@type":"ListItem","position":2,"name":"Gebrauchtwagenvermittler Abracar erh\u00e4lt 11,5 Millionen Euro von Allianz X"}]},{"@type":"WebSite","@id":"https:\/\/cms.munich-startup.net\/#website","url":"https:\/\/cms.munich-startup.net\/","name":"Munich Startup","description":"The official startup portal for Munich","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cms.munich-startup.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/cab6cd082a88a9e4b2d6ca61a9031a4d","name":"Simon Tischer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0768e5403c34aa0074a7e723cd3a2795?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0768e5403c34aa0074a7e723cd3a2795?s=96&d=blank&r=g","caption":"Simon Tischer"},"description":"From December 2015 to June 2023, Simon Tischer worked as an editor for Munich Startup.","url":"https:\/\/cms.munich-startup.net\/en\/author\/tischer\/"}]},"og_image":[{"width":5110,"height":3407,"url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/06\/abracar_orhan_sebastian-1.jpg","type":"image\/jpeg"}]},"_showyear":"","_inactive":"","_show_financing":"","_hide_on_map":"","_edit_lock":"1634194543:38","_edit_last":"3","_yoast_wpseo_focuskw":"Allianz X","_yoast_wpseo_metadesc":"Das M\u00fcnchner Startup Abracar bekommt 11,5 Millionen Euro von Allianz X. Der M\u00fcnchner Versicherungskonzern ist von Beginn an am Jungunternehmen beteiligt.","_yoast_wpseo_linkdex":"85","_thumbnail_id":"37430","wbounce_status":"default","_yoast_wpseo_primary_category":"5633","_yoast_wpseo_focuskw_text_input":"Allianz X","_yoast_wpseo_content_score":"90","ms_image_format":"","_ms_image_format":"","ms_dachzeile":"","_ms_dachzeile":"","ms_bump_post_date":"","_ms_bump_post_date":"","guest_author_name":"","_guest_author_name":"","guest_author_image":"","_guest_author_image":"","guest_author_description":"","_guest_author_description":"","ms_post_image_caption":"","_ms_post_image_caption":"","ms_post_image_credit":"","_ms_post_image_credit":"","suppress_startupbox":"","_suppress_startupbox":"","_yoast_wpseo_estimated-reading-time-minutes":"","_wp_old_date":"","_yoast_wpseo_title":"","_yoast_wpseo_wordproof_timestamp":"","footnotes":"","easy_language_simplification_original_id":"","easy_language_source_language":"","easy_language_simplification_language":"","easy_language_api":"","easy_language_prevent_automatic_mode":"","_wp_old_slug":"","_wp_trash_meta_status":"","_wp_trash_meta_time":"","easy_language_simplification_state_changed_from":"","easy_language_de_EL_changed":"","ms_competition_deadline":"","_ms_competition_deadline":"","_wpbitly":"","enclosure":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","wbounce_template":"","wbounce_title":"","wbounce_text":"","wbounce_cta":"","wbounce_url":"","wbounce_override":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_oembed_7131efca3705e16bd9da2c41df237660":"","_oembed_time_7131efca3705e16bd9da2c41df237660":"","_pprredirect_type":"","_pprredirect_url":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_newsletterglue":"","easy_language_text_language":"","_wp_desired_post_slug":"","_relevanssi_noindex_reason":"","_links":{"self":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/37415"}],"collection":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/comments?post=37415"}],"version-history":[{"count":0,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/37415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media\/37430"}],"wp:attachment":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media?parent=37415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/categories?post=37415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/tags?post=37415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}