Virginia Startup Carsquare Plots an Ambitious Future
Reston, Va.-based tech startup Carsquare is working to build a very ambitious future for itself. Carsquare acts as central hub for people looking to buy or lease cars. It combining public listings and those provided by its partners and using its own algorithms for helping customers find whatever kind of car they are looking for. The company recently added a slew of new features to its automobile metasearch engine and is in the process of raising a second round of venture funding that it hopes will take it to the next level in terms of both services and customers.
The new features to make vehicle searches easier and even automatic have been rolling out. The company has also created a kind of social media platform for comparing and discussing possible car choices with others in what it calls a "virtual garage."
“The recent addition of recall search functionality is a great value-add for our users,” said Carsquare CMO Mikah Sellers. “We are working to create additional functionality that will enable the consumer to access a tremendous amount of information about their vehicle directly through our platform.”
Carsquare raised an undisclosed Series A round last year, and Sellers said that the second round is near to closing. The plan is to use that money for more marketing to grow the user base. The money will also be used to add new features that Carsquare will develop.