# Cars45

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cars45

- Industry: Retail
- Headquarters: Lagos, Nigeria
- Website: www.cars45.com
- Total disclosed funding: $5M
- Latest round: Series A (May 1, 2017)
- Investors on record: 6

## About

Founded in 2016 and based in Lagos, Nigeria, Cars45 Limited operates an online platform that enables users to buy and sell pre-owned automobiles. The company was founded by CEO Etop Ikpe and Iyamu Mohammed. In 2017, the company received its first series A funding from New Enterprise Associates, Balderton Capital, TPG Growth, EchoVC Partners, and Frontier Car Group.

The company's platform allows users to search and contact different potential buyers and sellers of Nigerian used cars. It offers inspection and valuation services so users can assess the price that fits a certain vehicular unit.

## Funding rounds

- Series A, May 1, 2017, $5M — New Enterprise Associates, Balderton Capital, Social Capital, EchoVC Partners, Frontier Cars Group, Golden Palm Investments Corporation

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Series A
- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Series A
- Frontier Cars Group — Series A
- Golden Palm Investments Corporation (https://capitalatlas.ai/funds/golden-palm-investments-corporation) — Series A