×
CarPrice.ru raises $40 million to develop online used car brokerage in Russia and beyond

Yesterday CarPrice.ru, a major Russian online broker of used car, announced that it raised $40 million in a Series B funding round – a considerable amount in the context of contraction of the Russian venture market. The round was led by Baring Vostok Private Equity Fund V with the participation of Almaz Capital and other unnamed investors. No details of the transaction have been disclosed.

 

Coming just one year after site launch, the funding will be used to expand further CarPrice’s business in new Russian regions, and increase car stock.

 

Read more