2trde, a multichannel platform for digital vehicle trading, has announced it has secured $7.7 million in a recent funding round from investors. This capital infusion marks a significant step for the Munich-based automotive technology company as it continues to expand its operations and enhance its platform.
The company provides a comprehensive digital platform for car dealers, fleet managers, and leasing companies. It offers access to eight auction houses, designed to increase sales revenues and market reach by efficiently connecting vehicles with suitable buyers. 2trde's core mission is to accelerate vehicle trading through the application of relevant data and seamless processes, optimizing aspects from vehicle intake and marketing to payment processing and collection.
The newly raised funds are intended to fuel 2trde's strategic growth initiatives. This includes further investment in platform development to introduce new features and functionalities, as well as expanding its market presence in existing and potentially new regions. The investment underscores confidence in 2trde's business model and its potential to further digitalize the automotive trade sector.
Founded in 2017 by CEO Johannes Stoffel and CTO Marcus Lankenau, 2trde is headquartered in Munich, Germany. The company has grown to employ 50 individuals and currently operates in Germany, the Netherlands, and Austria, serving a growing base of automotive professionals.
This investment positions 2trde to continue its trajectory of innovation and market expansion, aiming to solidify its role as a key enabler of efficient and transparent digital vehicle transactions across Europe.
