Funding round
CARSOME Series E
CARSOME, which works in used car marketplace services in Petaling Jaya, raised $290M in a Series E round announced on 31 Jan 2022, led by Qatar Investment Authority, at a $1.70B post-money valuation. 3 firms took part. It is CARSOME's sixth venture round on record; the one before was a Series D in Dec 2020.
$290M
Amount raised
$1.70B
Post-money valuation
3
Investors
1 lead
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CARSOME at $1.70B after the new money. The $290M bought investors about 17% of the company. It came 13 months after CARSOME's Series D. It is 73% of the $399M CARSOME has raised in the venture rounds on record. No later venture round is on record for CARSOME.
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 8 Dec 2020, led by Asia Partners $30M
- Debt not a venture round 1 Sep 2021 $30M
- Series E this round 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
Qatar Investment Authority led the round with 2 other firms.
Lead investor
- Qatar Investment Authority backs 71 venture-backed companies
Also in the round
- backs 2 venture-backed companies
- backs 4 venture-backed companies
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CARSOME Automobile Dealers & Manufacturers | 10 Jan 2022 | $290M | $1.70B | Qatar Investment Authority and 65 Equity Partners |
| CarDekho Automobile Dealers & Manufacturers | 13 Oct 2021 | $250M | $1.20B | LeapFrog Investments |
| Automobile Dealers & Manufacturers | 27 Oct 2021 | $4.8M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did CARSOME raise in its Series E round?
CARSOME raised $290M in its Series E round, announced in Jan 2022.
Who led CARSOME's Series E round?
Qatar Investment Authority led it, with 65 Equity Partners and SeaTown.
What was CARSOME's valuation at the Series E round?
$1.70B post-money.