Tech Company Financing Transactions

Planet42 Funding Round

On 2/22/2023, Planet42 raised $100 million in investment from Naspers Foundry, Rivonia Road Capital and ARS Holdings.

Transaction Overview

Company Name
Announced On
2/22/2023
Transaction Type
Debt
Venture Equity
Amount
$100,000,000
Round
Undisclosed
Investors

Naspers Foundry (Lead Investor)

Rivonia Road Capital (Lead Investor)

ARS Holdings

Proceeds Purpose
The company, the new financing, comprised of equity, credit facility and debt, will rapidly scale its business and provide a million cars globally to people excluded from traditional car financing.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
Undisclosed
Johannesburg, 2000
South Africa
Phone
Undisclosed
Email Address
Overview
When it comes to assessing an application, we see the whole picture. We are happy to look at bank statements as proof of your creditworthiness. And we've also developed some smart technology that uses a wide range of data points to get a clear picture of your financial situation.
Profile
Planet42 LinkedIn Company Profile
Social Media
Planet42 Company Twitter Account
Company News
Planet42 News
Facebook
Planet42 on Facebook
YouTube
Planet42 on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Eerik Oja
  Eerik Oja LinkedIn Profile  Eerik Oja Twitter Account  Eerik Oja News  Eerik Oja on Facebook


 

 

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We record every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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