Closes

Automotive Ventures Closes Inaugural Fund to Invest in Early-Stage Auto Tech Companies

Automotive Ventures Closes Inaugural Fund to Invest in Early-Stage Auto Tech Companies

ATLANTA, June 8, 2021 /PRNewswire/ — Automotive Ventures, the company that supports automotive technology entrepreneurs, businesses, and investors with industry-specific resources, strategic consulting, and extensive connections, has announced the final closing of its inaugural venture fund, Automotive Ventures Fund I




Automotive Ventures announces the final closing of its inaugural venture fund, Automotive Ventures Fund I.

“Fundraising during a global pandemic had its challenges, but I’m pleased to report that the fund was oversubscribed with more than $7 million in committed capital that we’re eager to deploy into early-stage automotive tech companies,” said Automotive Ventures CEO and Founder Steve Greenfield. “Despite only kicking off the fundraise in the latter half of 2020, the motivation to launch a fund has been building for far longer. We’ve witnessed a shortage of institutional capital for early-stage auto tech companies for decades

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Car Capital Closes $20 million Debt Deal With Medalist Partners | State

GRAPEVINE, Texas, April 13, 2021 /PRNewswire/ — Car Capital, an automotive FinTech company, has closed a $20 million credit line with Medalist Partners. This transaction gives Car Capital access to capital to expand their business, fund deals, and ultimately get consumers into cars. Car Capital’s proprietary, web-based platform, Dealer Electronic Auto Loan System (DEALSSM) allows franchise and independent dealers to make 24/7 immediate auto loan decisions for 100% of their customers.

We are thrilled to work with Medalist to grow our dealer network. —Brian Reed, Chairman at Car Capital.

“Car Capital is excited to be able to help our dealer partners offer financing to their customers through the debt we’ve secured with Medalist Partners. We are planning to significantly expand our dealer network and grow our revenue with this additional capital,” said Justin Tisler, Co-founder and CEO at Car Capital. “Medalist has been an invaluable

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