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Carsome Announces Series D Fundraising ACN Newswire 2020-12-16 SEOUL & KUALA LUMPUR, Dec 16, 2020 - (ACN Newswire) - Carsome, Southeast Asia s largest integrated car e-commerce platform, recently completed its Series D fundraising. The US$30 million round, one of the largest all-equity financings to-date in Southeast Asia s online automotive industry, was led by Asia Partners and was joined by existing Carsome investors Burda Principal Investments and Ondine Capital. According to Eric Cheng, Co-founder and Group CEO of Carsome, this fundraising round, the largest equity investment in Carsome s history, is a strong endorsement of its integrated business model, with end-to-end digital enablement across used car sellers, dealers, and buyers. We will use this capital to strengthen our existing regional leadership in consumer-to-business (C2B) used car e-commerce and accelerate our already successful new offering in the business-to-consumer (B2C) segment. We look forward to

Kuala lumpurTeo li chengAlbert shyyEric chengRandolph hsuOliverm rippelLiew li ennJuliet zhuPrecious communicationsDealer alliance support programCarsome groupSoutheast asiaAsia partnersBurda principal investmentsCarsome group chief financialSingapore based managing director