# Frontier Car Group funding: rounds and investors > Frontier Car Group has raised $547M across 3 rounds since 2018. Investors include New Enterprise Associates, Balderton Capital and TPG. Source: https://millionrounds.com/company/frontier-car-group (Millionrounds; every figure on the page links to its filing or article) Nigeria · [Series D startup](https://millionrounds.com/companies) # Who invested in *Frontier Car Group* 3 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Internet Funding summary Updated 26 Oct 2026 **$547M** raised across 3 rounds since 2018, from 3 sources **$58M** Series B **$89M** Round **$400M** Series D - **Latest round:** Series D, $400M Nov 2019 - **Step-up i:** 4.5× - **Investors:** 10 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2019 **$58M** Series B **$89M** Round **$400M** Series D - **First round:** Series B, $58M - **Biggest round:** $400M - **Between rounds:** 18 months ## The rounds - **Nov 2019** Series D **$400M** *6 new* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [TPG](https://millionrounds.com/fund/tpg) [VentureSouq](https://millionrounds.com/fund/venturesouq) [Autotech Ventures](https://millionrounds.com/fund/autotech-ventures) [OLX Group](https://millionrounds.com/fund/olx-group) Reported by TechCrunch SEC filing: $168M sold, first sale Dec 2019 - **May 2018** Round **$89M** *1 new* [Naspers](https://millionrounds.com/fund/naspers) Reported by Techmoran SEC filing: $76M sold, first sale May 2018 - **May 2018** Series B **$58M** *3 new* Autotech Balderton Capital TPG Growth/ Fraser McCombs Reported by FinSMEs SEC 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 B** 2018 **Round** 2018 **Series D** 2019 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [TPG](https://millionrounds.com/fund/tpg) [VentureSouq](https://millionrounds.com/fund/venturesouq) [Naspers](https://millionrounds.com/fund/naspers) [Autotech Ventures](https://millionrounds.com/fund/autotech-ventures) [OLX Group](https://millionrounds.com/fund/olx-group) Autotech Balderton Capital TPG Growth/ Fraser McCombs ## Everyone who backed them [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **1** round [Balderton Capital](https://millionrounds.com/fund/balderton-capital) VC firm **1** round [TPG](https://millionrounds.com/fund/tpg) Private equity **1** round [VentureSouq](https://millionrounds.com/fund/venturesouq) VC firm **1** round [Naspers](https://millionrounds.com/fund/naspers) VC firm **1** round [Autotech Ventures](https://millionrounds.com/fund/autotech-ventures) VC firm **1** round [OLX Group](https://millionrounds.com/fund/olx-group) Growth equity **1** round Autotech no record of our own yet **1** round Balderton Capital no record of our own yet **1** round TPG Growth/ Fraser McCombs no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=frontier-car-group). ## 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. [FM Capital](https://millionrounds.com/fund/fm-capital) VC firm Per its own site ## Quick answers about Frontier Car Group ### 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. ### 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. [**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)[**1World Online** $25M · Sept 2026](https://millionrounds.com/company/1world-online) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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