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Car-selling marketplace Autozen inks C$5m seed led by Vanedge

The lead investor was Vandedge Capital with participation from Anges Québec.

  • The lead investor was Vanedge Capital with participation from Anges Québec
  • Autozen launched less than a year ago
  • Autozen is currently launching its U.S. presence in the Greater Seattle area

Vancouver-based car-selling marketplace Autozen has raised over C$5 million in seed funding. The lead investor was Vandedge Capital, a Canadian venture capital firm, with participation from angel network Anges Québec.

Autozen is currently expanding from its Vancouver office into Toronto, Calgary and Edmonton. The company is also launching its presence in the US, starting with the Greater Seattle Area.

On the funding, Paul Lee, managing director at Vanedge Capital, was bullish about the transaction. “In a world where car selling has been painful and complicated, Autozen offers a straight-forward process that is timely, predictable, efficient and convenient,” he said in a public statement. “We are excited to support Autozen and its uniquely qualified management team in their plans for growth and expansion.”