Tag: Venture Capital

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

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 the total to $58m. According to Sujay Tyle, ...

TLcom Capital Raises $40 Million For New Africa Fund To Support Tech Startups In Sub-Saharan Africa

  TLcom Capital has raised US$40 million for its TIDE (Technology and Innovation for Developing Economies) Africa Fund, the first international VC fund focused exclusively on technology enabled solutions serving Sub-Saharan Africa (SSA). TIDE will provide capital for early to growth stage in the US$500,000 to US$10 million range and business building ...

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