CARiD, a leading e-commerce platform specializing in car parts and accessories, is thrilled to announce the successful closure of a $35 million funding round. This significant financial milestone is a testament to the Company's resilience, innovation, and the successful execution of its strategic turnaround plan. The funding will fuel further expansion, technological advancements, and enhance customer service capabilities, solidifying CARiD's position as a frontrunner in the automotive e-commerce sector.

Earlier this year Fifth Star, Inc. acquired a majority stake in CARiD with its $35 million investment. Fifth Star, Inc. is an operator of consumer and consumer-adjacent technology businesses.