Funding round
Carro Growth
Reported as "Growth Equity"
Carro, which works in online car marketplace services in Singapore, raised $60M in a Growth round announced on 17 Sep 2025, led by Cool Japan Fund. 1 firm took part. It is Carro's third venture round on record; the one before was a Series C in Jun 2021.
$60M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Carro did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series C (Jun 2021). It came 51 months after Carro's Series C. It is 14% of the $425M Carro has raised in the venture rounds on record. No later venture round is on record for Carro.
Carro's funding rounds
Carro has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Cool Japan Fund led the round.
Lead investor
- Cool Japan Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Growth rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $148M, and this round was 41% of the median. The closest in time, other companies' Growth rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 7 Jul 2025 | $204M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 19 Jun 2025 | $115M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 13 Jan 2026 | $25M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 2 Feb 2026 | $34M | not disclosed | Trinity Capital Inc. |
| Automobile Dealers & Manufacturers | 18 Mar 2026 | $310M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 13 Feb 2025 | $180M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 11 Feb 2025 | $49M | not disclosed | Magnetar Capital |
| Kabisa Automobile Dealers & Manufacturers | 29 Sep 2024 | $2.10B | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Carro raise in its Growth round?
Carro raised $60M in its Growth round, announced in Sep 2025.
Who led Carro's Growth round?
Cool Japan Fund led it.
What was Carro's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.00B at the Series C (Jun 2021).
How does it compare with other Growth rounds in Automobile Dealers & Manufacturers?
8 Growth rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $148M, and this round was 41% of the median.