SEA Unicorn, Carsome, Completes Latest Financing Round

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.

Icon Law is proud to have acted for Carsome, with Director, Jeremiah Huang, and Senior Associate, Katherine Tan, leading its team.

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