Auto1 Group, a young used-car marketplace serving Europe, is now worth $2.8 billion

 Auto1 Group, a nearly five-year-old, Berlin-based used-car marketplace, just announced a huge round — €360 million ($404 million) in debt and equity financing that includes €75 million ($84.2 million) from Princeville Global, itself a Hong Kong-based investment firm with a second office in San Francisco. Why the excitement over Auto1? Momentum, seemingly. The company, which values… Read More

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