FCP Euro, a Milford, Connecticut-based online auto parts retailer, closed a Series A financing round totaling $25m.
The Series A funding was led by a prominent private investor.
The minority investment will be used for expanding the company’s footprint across new geographies.
Led by Scott Drozd, CEO, and Nick Bauer, President, FCP Euro is an online retailer of Genuine, OE, and OEM European auto parts specializing in BMW, Volvo, Audi, VW, Mercedes, and Porsche. The company offers a curated product offering across 10 European car lines, combined with a focus on digital community through its 290,000 YouTube subscribers and 63 million views since inception. It also provides Lifetime Replacement Guarantee, Hassle-Free Returns, and Free Shipping.
FCP Euro has achieved a 30% CAGR over the past decade expected to surpass $200 million in sales for 2023. The company has over 1.2 million customers FCP Euro.
FCP Euro, a Milford, Connecticut-based online auto parts retailer, closed a Series A financing round totaling $25m. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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