Funding round
Guazi Used Car Growth
Reported as "Growth Equity"
Guazi Used Car, which works in used car marketplace services in Chaoyang District, raised $1.50B in a Growth round announced on 28 Feb 2019, led by SoftBank Vision Fund, at a $9.00B post-money valuation. 1 firm took part. It is Guazi Used Car's third venture round on record; the one before was a Series C in Mar 2018.
$1.50B
Amount raised
$9.00B
Post-money valuation
$7.50B pre-money
1
Investors
1 lead
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Guazi Used Car at $9.00B after the new money. The $1.50B bought investors about 17% of the company. It came 11 months after Guazi Used Car's Series C. It is 55% of the $2.72B Guazi Used Car has raised in the venture rounds on record. No later venture round is on record for Guazi Used Car.
Investors
Who put money in
SoftBank Vision Fund led the round.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies 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 and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 16 May 2019 | $90M | not disclosed | Kia Motors |
| Automobile Dealers & Manufacturers | 26 Apr 2018 | $300M | not disclosed | Goldman Sachs and Tencent |
| Automobile Dealers & Manufacturers | 11 Feb 2020 | $35M | not disclosed | Sanabil |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Guazi Used Car raise in its Growth round?
Guazi Used Car raised $1.50B in its Growth round, announced in Feb 2019.
Who led Guazi Used Car's Growth round?
SoftBank Vision Fund led it.
What was Guazi Used Car's valuation at the Growth round?
$9.00B post-money ($7.50B pre-money).