CarExpert raises $5.1m with backing from Seven West Media

Seven West Media (ASX: SVM), Perth-based billionaire Laurence Escalante and a former Audi Australia exec are among the investors backing online car reviews, news and sales website Carexpert.com.au, which has moved up a gear to an annual revenue run rate of $10 million.

The company was established by Anthony Crawford, Alborz Fallah and Paul Maric in 2020, the latter two having sold their previous business CarAdvice.com.au to Nine Entertainment (ASX: NEC) for $60 million in 2018.

The latest $5.1 million capital raising round closed in December will help Sydney-based CarExpert in its push into Western Australia, and gives the group a post-money valuation of $42 million.

Read More: https://www.businessnewsaustralia.com/articles/carexpert-raises--5-1m-with-backing-from-seven-west-media.html