Frontier Car Group Raises $58M to Accelerate Growth of Used-Car Marketplaces in Emerging Markets

Frontier Car Group Raises $58M to Accelerate Growth of Used-Car Marketplaces in Emerging Markets

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Frontier Car Group which runs Cars45 in Nigeria, has closed  $41M Series B funding from Balderton, TPG Growth, automotive funds Fraser McCombs Capital, and AutoTech Ventures. to expand its used-car marketplaces within emerging markets. The company additionally raised $17M in debt financing from leading institutions and banks bring…