There is a mushrooming of startups that sell second-hand cars across developed markets like Europe and the US. Berlin-based startup Frontier Car Group has developed a marketplace that mainly targets countries situated outside North America and Western Europe. The startup has announced funding worth $58 million out of which $17 million are debt funding and equity worth $41 million. TYle together with André Kussmann (CTO) and Peter Lindholm (COO) co-founded Frontier startup. This is a Berlin-based startup that secured the highest venture round raised by a startup from Europe earlier in 2018.

Source: The North Africa Journal May 04, 2018 01:52 UTC