Funding round
CARSOME Series D
CARSOME, which works in used car retail and distribution in Petaling Jaya, raised $200M in a Series D round announced on 1 Sep 2021, at a $1.30B post-money valuation. 11 firms took part. It is CARSOME's third venture round on record; the one before was a Series C in Dec 2019.
$200M
Amount raised
of which $30M debt
$1.30B
Post-money valuation
11
Investors
no lead named
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CARSOME at $1.30B after the new money. The $200M bought investors about 13% of the company. It came 21 months after CARSOME's Series C. It is 35% of the $576M CARSOME has raised in the venture rounds on record. CARSOME raised again 4 months later: a Series E round of $290M in Jan 2022, at $1.70B post-money.
CARSOME's funding rounds
CARSOME has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Other not a venture round 1 Aug 2015 $350K
- Series A 6 Jun 2017, led by Gobi Partners $6.0M
- Series C 1 Dec 2019, led by MUFG Innovation Partners, Daiwa PI Partners and Endeavor $50M
- Series D this round 1 Sep 2021 $200M$1.30B post-money
- Series E 10 Jan 2022, led by Qatar Investment Authority, 65 Equity Partners and SeaTown $290M$1.70B post-money
- Debt not a venture round 16 Jul 2025, led by HSBC Malaysia $15M
- Series F 1 Mar 2026 $30M
Investors
Who put money in
11 firms took part; no lead investor was named.
Investors
- Catcha Group new investor
- MediaTek new investor
- Penjana Kapital new investor
- backs 2 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- backs 56 venture-backed companies new investor
- 500 Global backs 327 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- MUFG Innovation Partners new investor
- backs 5 venture-backed companies new investor
- Sovereign Wealth Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| WM Motor Automobile Dealers & Manufacturers | 30 Nov 2021 | $152M | not disclosed | not named |
| Rimac Group Automobile Dealers & Manufacturers | 1 Jun 2022 | $540M | $2.14B | SoftBank Vision Fund and Goldman Sachs Asset Management |
| CARSOME Automobile Dealers & Manufacturers | 8 Dec 2020 | $30M | not disclosed | Asia Partners |
| Automobile Dealers & Manufacturers | 25 Aug 2022 | undisclosed | not disclosed | Exor Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did CARSOME raise in its Series D round?
CARSOME raised $200M in its Series D round, announced in Sep 2021.
Which investors took part in CARSOME's Series D round?
Catcha Group, MediaTek, Penjana Kapital, Emissary Capital, Asia Partners and Gobi Partners and 5 more.
What was CARSOME's valuation at the Series D round?
$1.30B post-money.
Did CARSOME raise again after this round?
Yes: a Series E round in Jan 2022 of $290M at $1.70B post-money.