Used car e-commerce platform Carsome has secured $19m in a series B round led by Burda Principal Investments that will fund growth in Southeast Asia.
Media company Hubert Burda has led a $19m series B round for Malaysia-based automotive e-commerce platform Carsome through its growth equity arm, Burda Principal Investments.
Venture capital firms Gobi Partners and Lumia Capital also participated in the round, as did venture debt provider InnoVen Capital.
Founded in 2015, Carsome operates an online platform where drivers can sell their used cars to dealers who bid for the vehicles. The company carries out inspection and valuation, facilitates the sale and payment process,…
