FCP Euro Completes $25M Series A Minority Investment

FCP Euro Completes $25M Series A Minority Investment

The eCommerce auto parts retailer plans to expand to serve new geographic regions.

Connecticut-based online auto parts retailer FCP Euro announced the successful completion of its Series A financing round totaling $25 million. The minority investment will be used for “expanding the company’s footprint across new geographies, bolstering its commitment to delivering unparalleled quality European car parts to a broader audience,” FCP Euro said.

The Series A funding was led by a prominent private investor.

FCP Euro said it has achieved a 30% CAGR over the past decade, expected to surpass $200 million in sales for 2023. In addition, it has earned a spot on the prestigious Inc. 5000 fastest-growing privately held companies list 11 times.

The company attributes its success with over 1.2 million customers to a curated product offering across 10 European car lines, combined with a heavy focus on digital community through its 290,000 YouTube subscribers and 63 million views since inception, according to FCP Euro.

FCP Euro added it will continue to focus on expanding its product offering and physical footprint to enhance brand awareness and speed of delivery.

“This funding not only propels us into our next phase of growth, but stands as a testament to the hard work and dedication of our workforce, which is now over 240 strong. We are enthusiastic about our new partnership and eagerly anticipate the collaborative endeavors ahead,” said Scott Drozd, CEO of FCP Euro.

“Scott and I are excited to continue leading what we started over 20 years ago,” added Nick Bauer, FCP Euro’s president. “Our commitment to putting the customer and employee first will always remain, and this expansion is one more example of how we will drive value for our customers.”

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