Baring Vostok and Almaz lead $40m series-B for CarPrice

The round is the largest VC investment in Russia since the beginning of the global financial crisis, and will be used to fund CarPrice's expansion within the country.

Baring Vostok joins the ownership group through an investment from its Baring Vostok Private Equity Fund V, a $1.15bn vehicle launched in 2012 with a $350m supplemental fund.

Previous funding
CarPrice raised its seed round in October last year, landing a $2m investment from Almaz, Fastlane Ventures and eVenture Capital Partners.

Company
Founded in July 2014, CarPrice is a second-hand car broker and auction website based on a consumer-to-business model.

Headquartered in Moscow, CarPrice employs a staff of 200.

People
Elena Ivashentseva worked on the deal for Baring Vostok. Alexander Galitsky is the founder and managing partner of Almaz and a board member of CarPrice.

Eduard Gurinovich is the CEO of CarPrice. Oskar Harmann is the company's founder.

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• Topics
• CEE
• Consumer
• Expansion
• Russia
• Almaz Capital
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