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Frontier Car Group
company
About
Frontier Car Group develops, launches, and operates used-automotive marketplaces within emerging market economies.
- 1001 - 5000
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- $41M
- Industries
- Automotive,Internet,Marketplace,Transportation
- Founded date
- Jan 1, 2016
- Number Of Employee
- 1001 - 5000
- Operating Status
- Active
Frontier Car Group is a berlin-based startup who develop, launch, and operate used-automotive marketplaces within emerging market economies, with operations in Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. Additionally, we are successfully engaging in two joint ventures with OLX in India and Poland. We increase the efficiency of selling and buying cars through technology, infra-structure creation, access to capital and innovative business models that allows all stakeholders to gain from our impact.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
3
$80M
Frontier Car Group has raised a total of
$80M
in funding over 2 rounds. Their latest funding was raised on
May 1, 2018 from a Debt Financing round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| May 1, 2018 | Debt Financing | $17M | 1 | — | — | Detail |
| Mar 29, 2018 | Series B | $41M | 1 | — | — | Detail |
| May 23, 2017 | Series A | $22M | 2 |
TPG
|
— | Detail |
Investments
Number of Investments
Number of Lead Investments
1
1
Frontier Car Group has made 1 investments. Their most recent investment was on
Feb 11, 2019, when BeliMobilGue raised $10M.
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Feb 11, 2019
BeliMobilGue
|
Series A | $10M | Automotive | Yes |
Investors
Number of Lead Investors
Number of Investors
1
3
Frontier Car Group is funded by 3 investors.
TPG
and Autotech Ventures
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
TPG
|
Yes | Series A |
Autotech Ventures
|
— | Debt Financing |
letters Capital
|
— | Series A |
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