Thursday, April 19, 2018

Mark Cuban Funded Car360 Acquired By Carvana

Car360, a startup originally funded by Mark Cuban on "Shark Tank", has been acquired by online used car sales company Carvana, the two said yesterday. Financial details of the acquisition were not announced. Car360 had received its initial funding fro Mark Cuban from a pitch made on his show, Shark Tank. Car360 was based in Atlanta, and had raised a total of $3.55M in a single, Series A funding round in 2017. The company's investment from Cuban came in 2013. Carvana is based in Phoenix, Arizona. Mark Cuban is the owner of the Dallas Mavericks and frequent angel investors in companies.