About Frontier Car Group
Frontier Car Group is a Transportation, Automotive & Logistics company based in Berlin (Germany) founded in 2016 by Ricardo Donoso, and was acquired by Olx Group in August 2020. It builds runs C2B marketplaces for used cars in emerging markets. Frontier Car Group has raised $552.95 million across 6 funding rounds from investors including TPG, Oriflame and Partech Partners. The company has 73 employees. Its chief executive, as recorded, is Ricardo Donoso. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its legal entity is FCG Germany GmbH. Its competitors include AUTO1 Group and BINGOOO; 1 of its 2 listed competitors has raised funding.
Company details
Frontier Car Group was founded in 2016 and is headquartered in Berlin, Germany. Digital platforms for used vehicle transactions are developed and managed in emerging markets worldwide. Operations include C2B marketplaces such as Vendenos tu Auto in Chile, Cars45 in Nigeria, and CarFirst in Pakistan. Services encompass online instant pricing quotes, scheduled inspections at centers, competitive dealer offers, and B2BB2C financial solutions.
- Headquarters Berlin, Germany
- Employees 73
- Founders Ricardo Donoso
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website frontiercargroup.com
- Social LinkedIn X Facebook
- Acquired by Olx Group (Aug 2020)
- Legal Name Fcg Germany Gmbh
Funding Insights of Frontier Car Group
Frontier Car Group has successfully raised a total of $552.95M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $400 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $552.95M
- Total Rounds 6
- Last Round Series D — $400M
- Investors Count 10
All 6 funding rounds of Frontier Car Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | $400M | Series D | – | Olx Group | – |
| May 2018 | $89M | Series C | – | Olx Group | – |
| May 2018 | $17M | Debt – Conventional | – | – | – |
| Mar 2018 | $41.95M | Series B | – | Balderton Capital, TPG | |
| Apr 2017 | $22M | Series A | – | Balderton Capital, EchoVC Partners | |
| Jun 2016 | Seed | – | Balderton Capital | – |
10 investors in total: 10 institutional.
Investors in Frontier Car Group
Frontier Car Group has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include TPG, Oriflame and Partech Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multistage venture capital investments are focused on technology sectors. | 2000 | balderton.com | London, United Kingdom | |
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Tech focused growth stage VC firm investing in the US | fmcap.com | Boulder, United States | ||
VC firm investing globally | autotechvc.com | Menlo Park, United States | ||
Tech focused Stage-Agnostic VC Firm investing in Sub-Saharan Africa and North America | echovc.com | Lagos, Nigeria | ||
Satya Capital is focused on investment opportunities across frontier markets. | 2009 | satyacapital.com | London, England | |
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Venture capital is provided to global tech startups and scale-ups. | 1982 | partechpartners.com | Paris, France | |
Operates an online platform for trading multi-category second-hand products. | 2006 | olxgroup.com | Amsterdam, Netherlands | |
Beauty and wellness products are distributed via multi-level marketing. | 1967 | oriflame.com | Schaffhausen, Switzerland |
Investor details for Frontier Car Group
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People of Frontier Car Group
1 people are tracked at Frontier Car Group (1 in leadership); the tracked headcount is 73.
| Name | Role | Group |
|---|---|---|
Ricardo Donoso | Co-Founder & CEO | Leadership |
Complete people profiles for Frontier Car Group
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Timeline of Frontier Car Group
4 dated milestones of Frontier Car Group across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Frontier Car Group is founded.
- Funding First funding round.
- Funding Latest funding round, Series D, of $400.0M.
- Exit Acquired by Olx Group.
Competitors of Frontier Car Group
Frontier Car Group has 2 listed competitors in our database, 1 of them funded. They include AUTO1 Group and BINGOOO.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auto1-group.com | 2012 | Berlin, Germany | $1.4B | 6,094 | Online B2B marketplace for used cars | |
| bingooo.com | 1999 | Bonn, Germany | Offers real-time search tools for automotive and real estate professionals. |
Detailed competitors of Frontier Car Group
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Frequently Asked Questions about Frontier Car Group
Frontier Car Group was founded in 2016.
Frontier Car Group is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Ricardo Donoso is the CEO of Frontier Car Group, as recorded in our data. They have also founded this company.
Frontier Car Group is a funded company, having raised a total of $552.95M across 6 funding rounds to date.
Frontier Car Group has 73 employees.
Frontier Car Group was founded in 2016 and is headquartered in Berlin, Germany. Digital platforms for used vehicle transactions are developed and managed in emerging markets worldwide. Operations include C2B marketplaces such as Vendenos tu Auto in Chile, Cars45 in Nigeria, and CarFirst in Pakistan. Services encompass online instant pricing quotes, scheduled inspections at centers, competitive dealer offers, and B2BB2C financial solutions.
Frontier Car Group's top competitors include AUTO1 Group and BINGOOO.
Frontier Car Group has 10 investors. Key investors include TPG, Oriflame, Partech Partners, Balderton Capital, and Olx Group.
Frontier Car Group operates through Fcg Germany Gmbh.
Yes. Frontier Car Group was acquired by Olx Group in August 2020.