Capital One Growth Ventures has invested $14 million in Vast. It’s unclear how big of a stake Capital One Growth owns of Vast, an Austin provider of big data solutions for automotive and real estate businesses. The deal calls for Jaidev Shergill, Managing Partner of Capital One Growth Ventures to join the Vast board.
Austin, TX, February 9, 2016 – Vast, the data-as-a-service platform
for autos and real estate, today announced a $14 million investment
from Capital One Growth Ventures. Vast connects buyers and sellers of
cars and homes through data-driven discovery experiences.
CarStory.com, Vast’s consumer marketplace, utilizes the Vast data
platform to understand consumer intent and match each shopper with the
right vehicle. The investment by Capital One Growth Ventures will
enable Vast to grow its CarStory product footprint while bringing its
big data platform to other industries such as real estate. As part of
the investment, Jaidev Shergill, Managing Partner of Capital One
Growth Ventures will join the Vast board of directors.
“What Vast is delivering to consumers with its CarStory product is
very intriguing to us at Capital One,” said Shergill. “Consumers
expect more information at their fingertips and for that data to be
personalized and customized. Big data technologies enable this and
Vast delivers it.”
For nearly 10 years, Vast has been bringing big-data intelligence to
large-ticket purchases. First for dealers, and now also for consumers,
Vast creates unrivaled products that leverage its database to create
quality leads and interactions. CarStory, which is the industry’s
first, largest and only mobile-first vehicle discovery platform, now
curates over 3.5 million unique vehicles.
CarStory makes the used car discovery process more efficient and
effective for the consumer, and gives a used car buyer more confidence
in their ultimate purchase decision, while benefitting dealers by
delivering more-informed, ready-to-buy customers.
“Big data for life’s biggest purchases, that’s what Vast is all
about,” said Vast CEO, John Price. “Our patented approach delivers
critical discovery information, predicts alternatives and analyzes the
local market to guide the purchase decision in service of the buyer.
Companies like Capital One are utilizing Vast to help ensure they are
delivering a positive user experience to their customers fueled by
insights that both inform and delight.”
Vast is a big-data-as-service platform that provides consumer
experiences —powered by data and analytics — for big purchases in
automotive and real estate. Founded in 2005, Vast is the premier
provider of big data solutions for many of the Global 1000’s largest
automotive and real estate businesses. Learn more at Vast.com.
About Capital One Growth Ventures
Capital One Growth Ventures (COGV) is the venture investing arm of
Capital One, with offices in San Francisco and New York. COGV invests
across data, security, payments, and financial technology, and seeks
opportunities to build unique strategic relationships that benefit
both startups and Capital One customers.
CarStory is a service that matches used car shoppers with the right
car. Using patented technology and an industry-leading dataset,
CarStory facilitates an efficient, effective discovery process
resulting in a confident purchase decision. With a network of over
6,000 participating dealerships nationwide, CarStory’s available
inventory and user-data is the largest, and most accurate in the
industry. Discover your new used car and drive happily ever after at: