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