Frontier Car Group - About the company
Frontier Car Group is an acquired company based in Berlin (Germany), founded in 2016 by Andre Kussmann and Daniel Esponda. It operates as a Builds & runs C2B marketplaces for used cars in emerging markets. Frontier Car Group has raised $553M in funding from investors like Balderton Capital, Olx Group and EchoVC Partners. The company has 7 active competitors, including 3 that have exited. Its top competitors include companies like AUTO1 Group, Cars2click and BINGOOO.
Company Details
Frontier Car Group builds and runs digital used car marketplaces in emerging markets across the world. Some of its C2B marketplaces include Vendenos tu Auto in Chile, VendeTuAuto in Mexico, Cars45 in Nigeria, Ototrink in Turkey, CarFirst in Pakistan, and BeliMobilGue in Indonesia. Its marketplaces enable sellers to get online quotes with instant pricing, schedule physical inspections and one of its inspection centers, and get a competitive offer from the dealer network. The company also offers a range of B2B and B2C financial products.
- Website
- frontiercargroup.com
- Social
- Email ID
- *****@frontiercargroup.com
Key Metrics
Founded Year
2016
Location
Berlin, Germany
Stage
Acquired
Total Funding
$553M in 6 rounds
Latest Funding Round
Investors
Ranked
2nd among 7 active competitors
Employee Count
50 - 199 as on Mar 01, 2026
Exit Details
Acquired by Olx Group (Aug 05, 2020)
Frontier Car Group's acquisition details
Frontier Car Group got acquired by Olx Group on Aug 05, 2020.
Click here to take a look at Frontier Car Group's acquisition in detail
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Frontier Car Group's funding and investors
Frontier Car Group has raised a total funding of $553M over 6 rounds. Its first funding round was on 2016. Its latest funding round was a Series D round on Jan 02, 2020 for $*****. 1 investor participated in its latest round. Frontier Car Group has 26 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Frontier Car Group:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 02, 2020 | 4965943 | Series D | 2002280 | 2051123 | 7016159 | 1405195 |
May 24, 2018 | 9505331 | Series C | 1337999 | 9050616 | 4235960 | 9047495 |
May 01, 2018 | 6662816 | Conventional Debt | 7490483 | 5749196 | 6979032 | 3735310 |
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Frontier Car Group's founders and board of directors
Founder? Claim ProfileThe founders of Frontier Car Group are Andre Kussmann and Daniel Esponda.
Here are the details of Frontier Car Group's key team members:
- Andre Kussmann: Co-Founder & CTO of Frontier Car Group. They serve on the board of 1 company.
- Daniel Esponda: Co-Founder of Frontier Car Group.
Frontier Car Group's Board of Directors
Frontier Car Group's board has 3 active members. Andre Kussmann is part of team and Randi Mette Selnes and Katja Gogalla are independent board members.Here is the list of Frontier Car Group's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 11m | |
Independent board member | - | Current | 9y 11m | |
ykcwulp | Independent board member | - | Current | 1y 8m |
View details of Frontier Car Group's Founder profiles and Board Members
Frontier Car Group's employee count trend
Frontier Car Group has 50 - 199 employees as of Mar 26. Here is Frontier Car Group's employee count trend over the years:
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Frontier Car Group's Competitors and alternates
Top competitors of Frontier Car Group include AUTO1 Group, Cars2click and BINGOOO. Here is the list of Top 10 competitors of Frontier Car Group, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | AUTO1 Group 2012, Berlin (Germany), Public | Online B2B marketplace for used cars | $1.4B | 68/100 | |
2nd | Frontier Car Group 2016, Berlin (Germany), Acquired | Builds & runs C2B marketplaces for used cars in emerging markets | $553M | 57/100 | |
3rd |  Cars2click 2019, Stockholm (Sweden), Public | Digital car trading platform | - | - | 35/100 |
4th | Online B2B marketplace for used cars | - | - | 23/100 | |
5th | Platform facilitating international vehicle transactions, including inspection, logistics, and documentation | - | 19/100 | ||
6th | Trygg Bilaffar 2018, Gothenburg (Sweden), Unfunded | Online platform for selling cars to a trusted car dealer, providing a hassle-free experience. | - | - | 16/100 |
7th | Autogross25 2025, Jarfalla (Sweden), Unfunded | Online marketplace facilitating car trading between registered professional car dealers | - | - | 16/100 |
8th | _1556511036742.png?devicePixelRatio=2&height=30&width=30){kind=logo} FleetTrading 2018, Lidingo (Sweden), Deadpooled | B2B auction marketplace for auto traders | - | - | 15/100 |
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Frontier Car Group's Investments and acquisitions
Frontier Car Group has made 3 investments including OLX, BeliMobilGue.co.id and Cars45. Frontier Car Group has not made any acquisitions as of now.Here is the list of its investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 12, 2019 | Investments | 2005 | Gurugram (India) | |
Feb 12, 2019 | Investments | 2017 | Jakarta (Indonesia) | |
May 01, 2017 | Investments | 2016 | Lagos (Nigeria) |
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Reports related to Frontier Car Group
Here is the latest report on Frontier Car Group's sector:
News related to Frontier Car Group
Filter this list•
Carey helps Chilean car sales start-up in international mergerLatin Lawyer•Oct 30, 2020•Carey, Frontier Car Group, Olx Group
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Autotech Ventures Closes Over $150M FundFinSMEs•May 07, 2020•Autotech Ventures, XNOR.AI, DeepScale, Frontier Car Group and 4 others
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OLX buys VentureSouq’s stake in Frontier Car GroupAIM Group•Jan 16, 2020•Olx, VentureSouq, Frontier Car Group
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OLX and Frontier Car Group: An ambitious global roadmapAIM Group•Nov 21, 2019•Frontier Car Group, Olx
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Online classifieds firm OLX to pour up to $400m in Frontier Car GroupTech in Asia•Nov 13, 2019•Olx Group, Frontier Car Group
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Cars45 parent company Frontier Car Group raises $400 million from OLXTechCabal•Nov 13, 2019•Frontier Car Group, Olx Group
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Prosus unit to invest up to $400 million in Frontier Car GroupIndiatimes•Nov 12, 2019•Frontier Car Group, Olx Group
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OLX to become biggest Frontier Car Group investorAIM Group•Nov 12, 2019•Olx Group, Frontier Car Group
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OLX and Frontier Car Group shake on $400mGlobal Corporate Venturing•Nov 12, 2019•Olx Group, Frontier Car Group
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