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New Deal


Announced

Completed

Goldman Sachs AM led a $115m Series C funding round in Caribou.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Minority

Private Equity

financial software

Completed

Acquisition

United States

FinTech

Friendly

Private

Domestic

fintech

Synopsis

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Goldman Sachs Asset Management, an investment manager, led a $115m Series C funding round in Caribou, an auto fintech, with participation from Innovius Capital, Harmonic, Accomplice, CMFG Ventures, Curql Fund, Firebolt Ventures, Gaingels, Moderne Ventures and Motley Fool Ventures. “Caribou is building an important company with a great culture that helps consumers and lenders in an enormous market. That’s why we’re thrilled to be doubling down on our initial investment by leading Caribou's Series C funding round. In a few short years, Caribou has established itself as the industry leader in auto fintech, already having saved customers more than $100 million on their car payments. We’re excited about the launch of its digital insurance marketplace and we can’t wait for what’s next," Jade Mandel, Goldman Sachs Asset Vice President of Growth Equity Business.

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