| Founded | 2012 |
|---|---|
| Country | USA |
| Sector | Marketplace |
| Total raised | ~$2.9B |
| Collapse type | Sudden Collapse |
| Founder | Ernest Garcia III |
Carvana
"The $63B used car unicorn bought a $2.2B auction house at the exact top of the used car bubble"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Carvana was founded in 2012 by Ernest Garcia III (son of auto dealer DriveTime founder Ernest Garcia II) to create a vertically integrated online used car marketplace, including the iconic multi-story car vending machines.
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