gettacar

Online Platform for Used Cars

Retail Platforms
Private
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Company Overview

Snapshot

Founded in January 2018 by Yossi Joe Levi and Jacob Levin, gettacar operates with 11–50 employees. The company has raised $49 million across 3 funding rounds from 4 investors. In May 2022, gettacar closed its R&D center in Rehovot, Israel, resulting in 30 employee layoffs.

Business overview

gettacar is an online platform that streamlines the process of buying, selling, and financing used cars. The company offers a direct-to-door service, allowing customers to browse a wide inventory, customize their terms, and receive vehicle delivery. gettacar operates within the retail platforms sector, focusing on the automotive and e-commerce industries in the United States.

Strategic signal

In May 2022, gettacar closed its R&D center in Rehovot, Israel, leading to the layoff of 30 employees. This operational restructuring indicates a strategic shift, potentially towards optimizing cost structures or re-evaluating its global R&D footprint, signaling a period of consolidation for investors.

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Company Intelligence Q&A

What is gettacar's core business?
gettacar operates an online platform for buying, selling, and financing used cars, offering direct-to-door delivery services to customers.
When was gettacar founded?
gettacar was founded in January 2018.
What was a significant operational change for gettacar in 2022?
In May 2022, gettacar closed its R&D center in Rehovot, Israel, which resulted in 30 employee layoffs.
Which investors participated in gettacar's December 2020 funding round?
In December 2020, gettacar received funding from investors including 3L and Torch Capital.
Where has gettacar expanded its services?
In June 2020, gettacar expanded its online car buying platform to the Washington D.C. area, and in June 2019, it expanded to Baltimore.
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