Funding round
CARSOME Series D
CARSOME, which works in used car marketplace services in Petaling Jaya, raised $30M in a Series D round announced on 8 Dec 2020, led by Asia Partners. 3 firms took part, 2 of them already investors. It is CARSOME's fifth venture round on record; the one before was a Series C in Dec 2019.
$30M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
CARSOME did not disclose a valuation in this round. It came 12 months after CARSOME's Series C. It is 7.5% of the $399M CARSOME has raised in the venture rounds on record. CARSOME raised again 13 months later: a Series E round of $290M in Jan 2022, at $1.70B post-money.
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 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 this round 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
Asia Partners led the round with 2 other firms. Burda Principal Investments and Ondine Capital had backed CARSOME before.
Lead investor
- backs 11 venture-backed companies new investor
Also in the round
- backs 35 venture-backed companies existing investor
- backs 8 venture-backed companies existing 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
The closest in time, other companies' Series D rounds in Automobile Dealers & Manufacturers:
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did CARSOME raise in its Series D round?
CARSOME raised $30M in its Series D round, announced in Dec 2020.
Who led CARSOME's Series D round?
Asia Partners led it, with Burda Principal Investments and Ondine Capital.
What was CARSOME's valuation at the Series D round?
It was not disclosed.
Did CARSOME raise again after this round?
Yes: a Series E round in Jan 2022 of $290M at $1.70B post-money.