Type of site | Automotive-related news and car reviews |
---|---|
Available in | English |
Country of origin | Australia |
Area served | Australia |
Founder(s) |
|
Industry | Automotive |
URL |
carexpert |
Current status | Active |
CarExpert is an Australian website that provides automotive-related news and car reviews. [1] [2]
CarExpert was founded by Anthony Crawford, Alborz Fallah, and Paul Maric as a news publication. [3] [4] They previously founded a similar website named CarAdvice, which was acquired by Nine Entertainment for $30 million. [5] It uses a reverse subscription model in which it charges the car manufacturer for the people that read its car reviews. [6] [7]
In 2021, Channel Seven acquired a minority stake on the website for $4 million. [3] [6] In the same year, CarExpert received the website of the year award. [1] CarExpert also opened its first retail store in 2021. [8]
In 2022, it received $10 million in investment and acquired Price My Car. [3] The website is in process to be publicly listed. [3]
In October 2022, CarExpert announced an investment by gaming billionaire, Laurence Escalante, and also announced an expansion of its operations into Western Australia. [9] Since its foundation, it was mostly active on the East Coast of Australia. [9]
In October 2023, CarExpert announced the results of another $3 million capital raise, valuing the company at $50 million with a $15 million yearly revenue. Investors in this round included gaming billionaire Laurence Escalante and Kerry Stokes' Seven West Media. [10] [11]
Type of site | Automotive-related news and car reviews |
---|---|
Available in | English |
Country of origin | Australia |
Area served | Australia |
Founder(s) |
|
Industry | Automotive |
URL |
carexpert |
Current status | Active |
CarExpert is an Australian website that provides automotive-related news and car reviews. [1] [2]
CarExpert was founded by Anthony Crawford, Alborz Fallah, and Paul Maric as a news publication. [3] [4] They previously founded a similar website named CarAdvice, which was acquired by Nine Entertainment for $30 million. [5] It uses a reverse subscription model in which it charges the car manufacturer for the people that read its car reviews. [6] [7]
In 2021, Channel Seven acquired a minority stake on the website for $4 million. [3] [6] In the same year, CarExpert received the website of the year award. [1] CarExpert also opened its first retail store in 2021. [8]
In 2022, it received $10 million in investment and acquired Price My Car. [3] The website is in process to be publicly listed. [3]
In October 2022, CarExpert announced an investment by gaming billionaire, Laurence Escalante, and also announced an expansion of its operations into Western Australia. [9] Since its foundation, it was mostly active on the East Coast of Australia. [9]
In October 2023, CarExpert announced the results of another $3 million capital raise, valuing the company at $50 million with a $15 million yearly revenue. Investors in this round included gaming billionaire Laurence Escalante and Kerry Stokes' Seven West Media. [10] [11]