Southeast Asia’s largest integrated car e-commerce platform, Carsome, has just announced the closing of its latest fundraising round, which brings the Group’s liquidity position to approximately US$200 million. This comes on the back of an incredible 2022 and explosive start to 2023 for the Group, which hit operational profitability and saw its revenue grow 250% to US$1.5 billion.

This funding round saw broad-based participation from Carsome’s existing investors, including 65 Equity Partners, Seatown Private Capital Master Fund, Qatar Investment Authority, Gobi Partners, and Asia Partners. It also attracted a long-term debt facility from a new investor, EvolutionX Debt Capital, a growth-stage debt financing platform that provides an alternative source of financing to technology companies in Asia.

everstead Principal, Jeremiah Huang, is proud to have acted for Carsome, leading its team with KC Ching, Carsome’s Head of Legal.

For more information, please contact Jeremiah or refer to the media’s widespread coverage of the transaction.

Note: Media coverage and release of this first occurred whilst the team was at their previous firm.