What is HitFigure?
HitFigure operates as the largest wholesale network dedicated to luxury and exotic vehicles, having facilitated over two billion dollars in transactions. The company provides a swift and secure technology solution for appraising high-line trade-ins, delivering real-time, guaranteed offers. Dealerships can register and utilize the Hitfigure app to receive immediate appraisals and funding upon offer acceptance. The platform is designed to streamline the vehicle acquisition process for dealers, enabling direct communication via live chat during customer interactions in the showroom.
How much funding has HitFigure raised?
HitFigure has raised a total of $353K across 2 funding rounds:
Debt
$150K
Debt
$203K
Debt (2020): $150K with participation from PPP
Debt (2021): $203K led by PPP
Key Investors in HitFigure
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for HitFigure?
With its recent large-scale late-stage funding, HitFigure is strategically positioned for accelerated expansion and technological enhancement. The substantial capital infusion, particularly the recent strategic investment, will likely fuel advancements in its appraisal technology, broaden its dealer network, and potentially explore new market segments within the high-value automotive trade. The company's focus on providing quick, safe, and guaranteed offers through its technology platform suggests a continued emphasis on operational efficiency and dealer satisfaction as it scales its operations.
See full HitFigure company page
