Funding round
CARSOME Series A
CARSOME, which works in used car marketplace services in Petaling Jaya, raised $2.0M in a Series A round announced on 2 Mar 2016, led by IdeaRiverRun. 4 firms took part. It is CARSOME's first venture round on record.
$2.0M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
CARSOME did not disclose a valuation in this round. It is CARSOME's first venture round on record, 1 year after it was founded in 2015. It is under 1% of the $399M CARSOME has raised in the venture rounds on record. CARSOME raised again 24 months later: a Series B round of $19M in Mar 2018. 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 this round 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 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
IdeaRiverRun led the round with 3 other firms.
Lead investor
- IdeaRiverRun new investor
Also in the round
- IMG Investment Partners new investor
- 500 Global backs 327 venture-backed companies new investor
- IMJ Investment Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Carro Automobile Dealers & Manufacturers | 13 Jun 2016 | $5.3M | not disclosed | Ventura Capital |
| Automobile Dealers & Manufacturers | 30 Jul 2015 | $16M | not disclosed | Lightbox |
| Automobile Dealers & Manufacturers | 24 Jan 2017 | $15M | not disclosed | Alstom |
| Automobile Dealers & Manufacturers | 16 Feb 2017 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did CARSOME raise in its Series A round?
CARSOME raised $2.0M in its Series A round, announced in Mar 2016.
Who led CARSOME's Series A round?
IdeaRiverRun led it, with IMG Investment Partners, 500 Global and IMJ Investment Partners.
What was CARSOME's valuation at the Series A round?
It was not disclosed.
Did CARSOME raise again after this round?
Yes: a Series B round in Mar 2018 of $19M.