Princeville Global Invests €75 Million in AUTO1 Group

BERLIN–(BUSINESS WIRE)–Today AUTO1 Group, Europe’s leading used-car marketplace, announced that
it has raised €360 million in debt and equity financing from leading
banks and investors to expand within Europe. Princeville Global led the
latest Series E round with a €75 million investment.

AUTO1 Group operates a technology-enabled marketplace connecting buyers
and sellers of inspected used vehicles across Europe. In 2016, AUTO1
Group facilitated 330,000 vehicle transactions on its platform and
reported revenue of €1.5 billion. Co-founder and co-CEO Christian
Bertermann said, “We continue to target very high growth rates and seek
to achieve a 10 percent market share in Europe mid- to long-term.” AUTO1
Group has a growing network of 320 evaluation branches and over 30,000
car dealers across Europe.

“Today we are excited to announce our Series E, a round that will enable
us to cement our leadership position in Europe with continued
expansion,” said Hakan Koç, co-founder and co-CEO of AUTO1 Group. “We
chose to work with Princeville Global for their industry expertise,
global platform and their unique ability to be trusted counselors as we
continue to grow and prepare for the future. The confidence placed in us
by Princeville Global shows that we are on the right track to
establishing sustainable growth and profitability.”

Princeville Global has a long history of success in backing leading
technology companies around the world. The firm has a worldwide network
of deep and long-standing relationships built over decades of experience
investing in and advising leading entrepreneurs and technology
executives.

“AUTO1 Group operates a disruptive business model in the
highly-fragmented and sizable used-car market, which is valued at over
€200 billion in continental Europe alone,” said Emmanuel DeSousa,
Managing Partner of Princeville Global, who will assume a seat on AUTO1
Group’s Board. “Under the visionary leadership of its founders, AUTO1
Group is positioned to continue leading the European used-car
marketplace as it provides an increasingly unique value proposition for
individual sellers and independent dealers.”

About Princeville Global

Princeville Global is an investment firm focused on backing
rapidly-growing technology-related companies around the world. The firm
looks to support entrepreneurs seeking not only capital, but a
value-added partner who can help them fulfill their aspirations to
create companies of global scale. The firm has a worldwide network of
relationships built over decades of experience investing in and advising
rapidly growing companies in the technology sector. Princeville Global
has offices in San Francisco and Hong Kong. Visit www.princevilleglobal.com
for more information.

About AUTO1 Group

Based in Berlin, AUTO1 Group is Europe’s leading used-car marketplace.
Founded in 2012, the company is empowering its consumers and dealers
with liquidity and first class supply, sourcing from channels including
OEMs and dealerships. AUTO1 Group operates in more than 20 countries and
supports over 30,000 car dealers across Europe. Visit www.auto1-group.com
for more information.

Contacts

Princeville Global
Belinda Mou
inquiries@pvglobal.com
or
AUTO1
Group GmbH
Thomas Becker
Head of Communications
thomas.becker@auto1.com