On February 7, 2023, Car IQ Inc. closed the transaction. The company has amended size of the transaction to $30 million. The company has received $15 million in second and final tranche for aggregate gross proceeds of $30 million.

The transaction was led by new investor Forté Ventures LP and included participation from new investors, Ally Ventures, BlackBerry Limited, State Farm Ventures, LLC, TELUS Ventures, Navistar International Corporation, Bridgestone Corporation, Visa Inc., Circle K Stores Inc. and returning investors, Alpana Ventures SA, Avanta Ventures, LLC, Quest Venture Partners LLC, Scrum Ventures, Citi Ventures, Inc.. The company has received total $42 million funding till date.