Nigeria · 
Who invested in Frontier Car Group?
Frontier Car Group's investors include New Enterprise Associates, Balderton Capital, TPG, VentureSouq and Naspers, and 5 more on record.
2019
$58MSeries B$89MRound$400MSeries D
Nigeria · Series D startup
Who invested in Frontier Car Group
Funding summaryUpdated 26 Oct 2026
$547Mraised across 3 rounds since 2018, from 3 sources
$58MSeries B$89MRound$400MSeries D
- Latest round
- Series D, $400MNov 2019
- Step-upi
- 4.5×
- Investors
- 10
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series B, $58M May 2018
- Biggest round
- $400M Series D · Nov 2019
- Between rounds
- 18 months from the last two
The rounds
- Nov 2019Series D$400M6 new
Reported by TechCrunchSEC filing: $168M sold, first sale Dec 2019
- May 2018
- May 2018Series B$58M3 new
- Autotech
- Balderton Capital
- TPG Growth/ Fraser McCombs
Reported by FinSMEsSEC filing: $76M sold, first sale May 2018
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Series B2018Round2018Series D2019
New Enterprise Associates
Balderton Capital
TPG
VentureSouq
Naspers
Autotech Ventures
OLX GroupAutotechBalderton CapitalTPG Growth/ Fraser McCombs
New Enterprise AssociatesBalderton CapitalTPGVentureSouqNaspersAutotech VenturesOLX GroupAutotechBalderton CapitalTPG Growth/ Fraser McCombsEveryone who backed them
Autotechno record of our own yet1round
Balderton Capitalno record of our own yet1round
TPG Growth/ Fraser McCombsno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
This firm lists Frontier Car Group as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Frontier Car Group
How much has Frontier Car Group raised?
Frontier Car Group has raised $547M across 3 rounds since 2018.
When did Frontier Car Group last raise?
Frontier Car Group's most recent round was a Series D of $400M in Nov 2019.
What was Frontier Car Group's biggest round?
Its most recent round, $400M in Nov 2019, is also its largest on record.
Who backed Frontier Car Group first?
Frontier Car Group's first round on record, in May 2018, was backed by Autotech, Balderton Capital and TPG Growth/ Fraser McCombs.
What stage is Frontier Car Group at?
Frontier Car Group's latest named round is a Series D, in Nov 2019.
Where is Frontier Car Group based?
Frontier Car Group is based in Nigeria.
Companies like Frontier Car Group
In the same sector, and raised in the last eighteen months.
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