Planet42
Latest round
- Seed
Last raised
- Jun 2020
Total raised
- $2.5M
Investors
- 2
About Planet42
Based in Pretoria, South Africa, and founded in 2017 by Marten Orgna and Eerik Oja, Inclusion South Africa (Pty) Ltd, doing business as Planet42, operates as a developer of an online platform that allows users to rent cars and offers flexible monthly payment. The user can rent or avail of a car by filling up an application form at any dealer partnered with the company. The company uses an automated scoring algorithm to process client applications based on the credit bureau, affordability, and alternative data. If the application is approved, Planet42 analyses the customer’s validation documents, such as IDs, payslips, and bank statements before purchasing the car from the dealership and renting it to the customer on a monthly basis. The asset is secured with tracking technology, as well as comprehensive and mechanical insurance. Planet42 bought and rented cars to over 2,000 customers in South Africa.
Who invested in Planet42
2 investors across 1 round
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Funding rounds
Seed
Jun 16, 2020
Amount
$2.5M
Investors
Questions about Planet42
Who invested in Planet42?
Planet42 has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Planet42 raised?
Planet42 has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Planet42 last raise money?
Planet42's most recent round on record is a Seed, in Jun 2020.
What does Planet42 do?
Based in Pretoria, South Africa, and founded in 2017 by Marten Orgna and Eerik Oja, Inclusion South Africa (Pty) Ltd, doing business as Planet42, operates as a developer of an online platform that allows users to rent cars and offers flexible monthly payment.
Where is Planet42 headquartered?
Planet42 is headquartered in Pretoria, South Africa.
Which VCs invest in companies like Planet42?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back retail companies at Planet42's stage. Their profiles are linked below.
VCs backing retail startups at Seed
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