Funding round
CARSOME Bridge
CARSOME, which works in used car marketplace services in Petaling Jaya, raised $8.0M in a Bridge round announced on 1 Aug 2018, led by Family office of Joe Hirao. 1 firm took part. It is CARSOME's third venture round on record; the one before was a Series B in Mar 2018.
$8.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
CARSOME did not disclose a valuation in this round. It came 5 months after CARSOME's Series B. It is 2.0% of the $399M CARSOME has raised in the venture rounds on record. CARSOME raised again 16 months later: a Series C round of $50M in Dec 2019. Its next priced round, a Series E in Jan 2022, valued it at $1.70B.
CARSOME's funding rounds
CARSOME has 6 venture rounds on record and 3 other deals. This one is highlighted.
- Series A 2 Mar 2016, led by IdeaRiverRun $2.0M
- Other not a venture round 6 Jun 2017, led by Gobi Partners $6.0M
- Series B 8 Mar 2018, led by Burda Principal Investments $19M
- Bridge this round 1 Aug 2018, led by Family office of Joe Hirao $8.0M
- Series C 11 Dec 2019, led by MUFG Innovation Partners, Daiwa PI Partners and Endeavor $50M
- Series D 8 Dec 2020, led by Asia Partners $30M
- Debt not a venture round 1 Sep 2021 $30M
- Series E 31 Jan 2022, led by Qatar Investment Authority $290M$1.70B post-money
- Debt not a venture round 16 Jul 2025 $15M
Investors
Who put money in
Family office of Joe Hirao led the round.
Lead investor
- Family office of Joe Hirao new investor
Comparable rounds
How it compares
The closest in time: Bridge rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 28 Aug 2018 | $13M | not disclosed | Xiaomi |
| Tech Companies | 24 Sep 2018 | $3.7M | not disclosed | Unicorn India Ventures |
| Tech Companies | 1 Jul 2018 | undisclosed | not disclosed | not named |
| Zuoyebang Learning, Tutoring & Courses | 2 Oct 2018 | $500M | not disclosed | not named |
| Tech Companies | 15 Oct 2018 | $92M | $192M | not named |
| Tech Companies | 16 May 2018 | $42M | not disclosed | New Enterprise Associates |
| Minerals, Earths & Ores | 13 Nov 2018 | $10M | not disclosed | Resource Capital Funds |
| Pharmaceutical Products | 12 Nov 2018 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did CARSOME raise in its Bridge round?
CARSOME raised $8.0M in its Bridge round, announced in Aug 2018.
Who led CARSOME's Bridge round?
Family office of Joe Hirao led it.
What was CARSOME's valuation at the Bridge round?
It was not disclosed.
Did CARSOME raise again after this round?
Yes: a Series C round in Dec 2019 of $50M.