DreamWare Closes $6.5 Million Angel Round for National Expansion of Car Lister Web Application
Angel investment to expand Car Lister features, grow dealer and consumer base; Robert Scott, former Morgan Stanley President and Chief Operating Officer, joins DreamWare as Chairman of the Board
Jun 15, 2015, 07:30 ET
NAPLES, Fla., June 15, 2015 /PRNewswire/ -- Car Lister, the web application that lets sellers list and buyers shop for new and pre-owned cars from any smartphone, tablet or desktop, today announced it has raised $6.5 million in angel round funding. The funding supports the company's national expansion, which currently includes more than 200 automotive dealers across 29 states.
Launched in October 2014, Car Lister allows users to instantly list vehicles for sale simply by providing the VIN number and answering a series of quick questions. The application generates titles and vehicle descriptions, allows for the upload of images and video, and includes a full vehicle history report at no cost.
"This investment round will allow us to expand throughout the United States to meet the demand for a state of the art automotive e-commerce platform," said Bryan Harmon, Founder and CEO, DreamWare, Inc., the parent company and developer of Car Lister.
The funding helps Car Lister expand its relationships with its new and pre-owned automotive dealership network. Car Lister has expanded its advanced features and integrated tools to help dealers improve communication with their customers and sell more vehicles. The application provides direct messaging and utilizes FaceTime to provide immediate communication between buyer and seller, while a built-in social functionality allows users to address the broad automotive industry.
In addition to the funding announcement, Robert Scott, former President and Chief Operating Officer of Morgan Stanley, has joined DreamWare as non-executive Chairman of the Board. Scott will help steer the strategic direction of DreamWare from early stage to enterprise stage.
"We are delighted to have an individual like Robert Scott with his broad management experience, including capital markets and strategic transactions, as chairman of our Company," Harmon said.
For more information on Car Lister, visit www.CarLister.co.
Headquartered in Naples, Florida, DreamWare, Inc. delivers unique web applications and services to improve mobile e-commerce across verticals. In October 2014, the company launched Car Lister to facilitate users listing their cars in minutes from any device with an unparalleled degree of accuracy without typing one word. Buyers can browse detailed listing pages for new and pre-owned cars, including videos and large images, create car comparisons, review full car reports, and share car listings and other automotive expertise through Car Lister's automobile-industry specific social media platform. For more information, visit www.DreamWareInc.co, or www.CarLister.co.
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