Frontier Car Group raises $89 million to accelerate growth of their online and offline used car marketplaces

Portfolio

Frontier Car Group raises $89 million to accelerate growth of their online and offline used car marketplaces

MAY 24, 2018

Frontier Car Group (FCG), headquartered in Berlin, announces Series C funding

Daniel Waterhouse, who has led all Balderton’s investments in Frontier Car Group, said “Balderton first invested in FCG a little under 2 years ago and it is staggering what the team have achieved in such a short time, getting to significant scale and building a platform that is capable of being leveraged in many different operating environments. We are excited to further support the company and look forward to the next chapter of this extraordinary story.”

“The growth we’ve seen since our foundation in 2016 is testament to a market ripe for disruption. As we look to grow further and lead the digitization of the automotive sales sector, this partnership provides us with the platform and global presence that we need to become the leading used car marketplace across high-growth markets.”

Sujay Tyle, CEO, Frontier Car Group.

It is staggering what the team have achieved in such a short time, getting to significant scale and building a platform that is capable of being leveraged in many different operating environments.

Daniel Waterhouse, Partner, Balderton

Read the story in the Financial Times (FT) here