AfriCar Group

Private

SydneyConsumer & Commercehttps://africargroup.com/

Last Round

Strategic

Sep 12, 2022

Company Overview

AfriCar Group is a media and information services company that operates a network of online automotive marketplaces across more than 40 countries in Sub-Saharan Africa, connecting buyers and sellers of cars, trucks, and motorbikes.

Sector

Consumer & Commerce

Verticals

E-commerce, Digital Advertising, Vertical SaaS

Business Model

B2B2C

Customer Profile

Marketplace Commission, Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

online automotive marketplaceused car marketplaceautomotive classifiedscar sales platformautomotive e-commerceAfrican auto markettransactional marketplacedealership management systemvertical SaaSautomotive DMSD2C used carscar price comparisonAI vehicle valuationVIN recognition

Historical Pricing

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Caplight Momentum Score

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AfriCar Group Comparables

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AfriCar Group comparables — related companies by embedding similarity
Company	Similarity	Market Cap
Autochek	85%
Jiji	82%
AsiaCar Group	79%

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AfriCar Group Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Strategic	Sep 12, 2022
Early Funding	Apr 1, 2018
Seed	Jul 6, 2016

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Key People

Founding team and executive leadership

Axel Peyriere

Co-Founder & CEO

Founding Team

AfriCar Group Investors

Notable investors and investment history

AfriCar Group investors
Investor	Rounds
Emerging Classifieds Ventures	Seed

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Market signals

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Aug 26, 2025
Acquired Ivorian platform Koto.ci to expand portfolio.
Sep 12, 2022
Led by Stellantis

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AfriCar Group Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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AfriCar Group Filings

SEC and related filings with document metadata.

Firmographic Details

HeadquartersSydney

Employee Range6

Year Founded2016

Last FundingSep 12, 2022

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