Deals
German Startup Auto1 Valued at $2.8 Billion in Latest Funding Round
- Company raised 360 million euros in equity and debt this year
- JPMorgan, Goldman Sachs, Barclays, Citigroup among lenders
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German used-car portal Auto1 Group was valued at 2.5 billion euros ($2.8 billion) in its latest round of funding from investors including Baillie Gifford & Co., Princeville Global and Target Global, according to a company presentation.
Auto1 raised 360 million euros through a mixture of debt and equity financing in a round that closed earlier this year. JPMorgan Chase & Co., Goldman Sachs Group Inc., Barclays Plc, Citigroup Inc., BNP Paribas SA and BHF-Bank AG were lending banks.