Funding round
Carmoola Series A
Carmoola, which works in car finance solutions in London, raised $10M in a Series A round announced on 22 Feb 2023, led by QED Investors. 3 firms took part, 3 of them already investors. It is Carmoola's second venture round on record; the one before was a Seed in Apr 2022.
$10M
Amount raised
8,500,000 GBP converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Carmoola did not disclose a valuation in this round. It came 10 months after Carmoola's Seed. It is 23% of the $46M Carmoola has raised in the venture rounds on record. No later venture round is on record for Carmoola.
Carmoola's funding rounds
Carmoola has 2 venture rounds on record and 3 other deals. This one is highlighted.
- Seed 8 Apr 2022 $35M
- Debt not a venture round 1 Feb 2023 $117M
- Series A this round 22 Feb 2023, led by QED Investors $10M
- Other not a venture round 16 Jan 2024, led by QED Investors $20M
- Debt not a venture round 24 Jun 2025, led by NatWest $406M
Investors
Who put money in
QED Investors led the round with 2 other firms. QED Investors, VentureFriends and InMotion Ventures had backed Carmoola before.
Lead investor
- QED Investors backs 160 venture-backed companies existing investor
Also in the round
- backs 32 venture-backed companies existing investor
- backs 24 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, scaling operations and working capital.
- Hiring
- Scaling operations
- Working capital
Comparable rounds
How it compares
60 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $11M, and this round was close to the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 9 Feb 2023 | $64M | not disclosed | not named |
| Loans & Financing | 1 Feb 2023 | $16M | not disclosed | Foundry |
| Loans & Financing | 31 Jan 2023 | $20M | not disclosed | Greenbacker |
| Loans & Financing | 25 Jan 2023 | $12M | not disclosed | Mayfield |
| Loans & Financing | 17 Jan 2023 | $12M | $60M | Fiat Ventures |
| Loans & Financing | 7 Mar 2023 | $5.0M | not disclosed | Collab Capital |
| Loans & Financing | 19 Dec 2022 | $132M | not disclosed | not named |
| Loans & Financing | 31 Dec 2022 | $31M | not disclosed | Revo Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Carmoola raise in its Series A round?
Carmoola raised $10M in its Series A round, announced in Feb 2023.
Who led Carmoola's Series A round?
QED Investors led it, with VentureFriends and InMotion Ventures.
What was Carmoola's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
60 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $11M, and this round was close to the median.