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Online platform for efficient used car selling and bidding services.
Carsome operates as Southeast Asia's leading integrated car e-commerce platform, facilitating transparent and trusted transactions for used vehicles. It offers a comprehensive digital ecosystem for the entire car ownership journey, from inspection and valuation to sales and financing, standardizing processes for quality and reliability benefiting consumers and dealerships.
Carsome was co-founded in 2015 by Eric Cheng and Teoh Jiun Ee. Their foundational insight stemmed from the pervasive lack of transparency and trust in the traditional used car market. Eric Cheng, a serial entrepreneur, partnered with Teoh Jiun Ee to develop a solution bringing clarity and confidence to significant automotive purchases.
The platform serves individual sellers and buyers seeking certified pre-owned vehicles, alongside dealerships streamlining inventory. Carsome's vision focuses on transforming the regional automotive sector by building a seamless, trusted, and integrated ecosystem, ultimately redefining the car ownership experience.
Carsome has raised $188.4M across 9 funding rounds.
Carsome has raised $188.4M in total across 9 funding rounds.
Carsome is valued at approximately $17.0M.
Carsome operates as Southeast Asia's leading integrated car e-commerce platform, facilitating transparent and trusted transactions for used vehicles. It offers a comprehensive digital ecosystem for the entire car ownership journey, from inspection and valuation to sales and financing, standardizing processes for quality and reliability benefiting consumers and dealerships.
Carsome was co-founded in 2015 by Eric Cheng and Teoh Jiun Ee. Their foundational insight stemmed from the pervasive lack of transparency and trust in the traditional used car market. Eric Cheng, a serial entrepreneur, partnered with Teoh Jiun Ee to develop a solution bringing clarity and confidence to significant automotive purchases.
The platform serves individual sellers and buyers seeking certified pre-owned vehicles, alongside dealerships streamlining inventory. Carsome's vision focuses on transforming the regional automotive sector by building a seamless, trusted, and integrated ecosystem, ultimately redefining the car ownership experience.
Carsome has raised $188.4M in total across 9 funding rounds.
Carsome is valued at approximately $17.0M.
Carsome's investors include Asia Partners, Chibo Tang, Clara Chan, Christopher Yap, AmBank Group, Burda Principal Investments, Ondine Capital, Convergence Ventures, Daiwa PI Partners, Endeavor Catalyst, Gobi Partners, MUFG Innovation Partners.
Carsome has raised $188.4M across 9 funding rounds. Most recently, it raised $30.0M Other Equity in March 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 17, 2026 | $30.0M Other Equity | Asia Partners, Chibo Tang, Clara Chan | |
| Jul 18, 2024 | $21.4M Debt | Christopher Yap | |
| Jan 1, 2022 | Carsome Valuation 2022-01-01 | AmBank Group, Christopher Yap | |
| Dec 8, 2020 | $30.0M Series D | Asia Partners | Burda Principal Investments, Ondine Capital |
| Dec 10, 2019 | $50.0M Series C | Convergence Ventures, Daiwa PI Partners, Endeavor Catalyst, Gobi Partners, MUFG Innovation Partners, Ondine Capital | |
| Mar 8, 2018 | $19.0M Series B | Burda Principal Investments | Gobi Partners, InnoVen Capital, Lumia Capital |
| Jun 10, 2017 | $6.0M Series A | Victor Chua | 500 Startups, InnoVen Capital, Lumia Capital, Spiral Ventures |
| Mar 2, 2016 | $2.0M Series A | IdeaRiverRun | 500 Startups, IMG Investment Partners |
| $30.0M Carsome Other Equity | AmBank Group, Christopher Yap |