Fundz

South African Car Subscription Service Planet42 Raises $100M Equity, Debt

PRIVATEFeb 22, 2023

Amount Raised

$100 Million

Round Type

Venture

JohannesburgTransportationAutomotive

Investors

4 DxT LcomRivonia Road CapitalArs HoldingsNaspers FoundryNaspers

Description

Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors.

Who else raised in Transportation and Automotive around the same time

Companies in the same sectors as Planet42 that raised within 45 days of this round, from Fundz verified event records.

  • Magenta Mobility raised $22M (Funding Round) on April 5, 2023.
  • ZoomCar raised $8.1M on March 23, 2023.
  • Beryl raised $2.4M (Seed) on February 20, 2023.
  • Zypp Electric raised $25M (Funding Round) on February 8, 2023.
  • LightMetrics raised $8.5M (Funding Round) on April 5, 2023.
  • GoodShip raised $7.4M on March 30, 2023.

Who to call at Planet42, and when

A new round usually means Planet42 is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Planet42 raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Planet42, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Planet42. With Fundz connected, it knows.

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Company Information

Company

Planet42

Location

Johannesburg, Gauteng, South Africa

About

Planet42 is democratising access to mobility

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Planet42 raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Planet42's next move

See what Strategic adds

Planet42 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.