Vehicles classified listings site Carmudi has now raised $35m after raising money in a second Tengelmann-backed round
Carmudi, the Germany-based operator of a classifieds website for cars and other vehicles, secured $25m yesterday from a series B round featuring Tengelmann Ventures, the corporate venturing arm of retailer Tengelmann.
Asia Pacific Internet Group, a joint venture by incubator Rocket Internet and telecommunications company Ooredoo, also participated, as did Holtzbrinck Ventures, the venture capital firm affiliated with publishing group Georg von Holtzbrinck, and an undisclosed private investor.
Tengelmann provided $10m in series A funding for Carmudi in April 2014,…
