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.
Log in to access full profile ›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.