Nov 29, 2023

AutoGrab Secures 24th Spot in AFR’s Prestigious Fast 100 List

We are proud to announce that AutoGrab has been ranked 24th in the Australian Financial Review’s (AFR) esteemed Fast 100 List for 2023, recognising Australia’s fastest-growing companies. This achievement is a testament to our team’s hard work, innovation, and unwavering commitment to revolutionising the automotive market.

Since our inception in late 2020, AutoGrab has been at the forefront of using advanced data analytics to transform the way used cars are priced in Australia. Our unique approach combines real-time market data with predictive analytics, enabling us to accurately price every car on the internet in Australia and anticipate future market trends.

Our co-founders, Daniel Werzberger and Chris Gardner, identified the complexities in vehicle pricing, which traditionally relied on outdated data. They envisioned a platform that could aggregate all online car listings, offering a comprehensive and up-to-date view of the market. Today, AutoGrab, headquartered in Cremorne, Melbourne, has grown to a team of 40 professionals and is on track to achieve $10 million in annual recurring revenue by the end of this year.

The recognition by AFR highlights our significant growth and our innovative approach to the automotive market. Our suite of tools provides car dealers and insurance companies with an unprecedented real-time view of the automotive market. We’re also excited about our upcoming consumer-focused products and a tool to forecast the future value of specific car models.

Our journey doesn’t stop here. With our eyes set on further international expansion, we plan to extend our current operations in Australia, New Zealand and Malaysia further into the UK, South-East Asia, EU 5 and eventually the US next year. Understanding and adapting to local market nuances will be key to replicating our success in these new regions.

As the automotive industry continues to evolve, especially with the shift towards electric vehicles, AutoGrab remains dedicated to providing valuable insights into the movement of vehicle asset classes. We’re not just keeping pace with the market – we’re setting the pace.

We extend our heartfelt thanks to our dedicated team, loyal customers, and supportive investors. This accolade from AFR is not just a recognition of our past achievements but to the exciting opportunities ahead.

Stay tuned for more updates as we continue to move fast!

Check out the AFR article here