Startup · $45.7m raised
Car subscription platform
Melbourne, VIC
Every investor coverage indicates participated in a round Carbar raised.
| Investor | Rounds | Invested |
|---|---|---|
| IAG | Unnamed stage · Unnamed stage | - |
| Insurance Australia Group (IAG) | Unnamed stage | - |
| Seven West Media | Unnamed stage | - |
Every published round Carbar took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Carbar has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Carbar, as distinct from the investments it has made.
Companies Carbar has backed that another company then bought. An exit for the holding, not a deal Carbar did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Carbar is recorded as having been acquired. | ||||
Companies Carbar acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Carly | Acquisition | May 2025 | - | Startup Daily (9 Oct 2025), Startup Daily (5 Jun 2025) |
| Name | Role | Sources |
|---|---|---|
| Des Hang | CEO · Founder | Startup Daily (9 Oct 2025), Startup Daily (5 Jun 2025), Startup Daily (17 Feb 2025), Startup Daily (15 Feb 2022) |
| Desmond Hang | CEO | LaunchVic |
| Mark Stackpoole | Chief Operating Officer | LaunchVic |
Stories naming Carbar. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian vehicle-subscription firm Carbar and UAE counterpart Carasti have combined under a Singapore-headquartered parent, ownership split 55/45 between their shareholders; a capital raising is under way to bankroll the combined group's expansion.
Carbar has bought the HelloCars Subscription brand from software firm Loopit, keeping it as a budget option beside its existing brands, while Loopit focuses on its subscription software business.
Carbar’s chief executive argues the spate of mergers in car subscription — his company buying Carly, Karmo taking over Motopool — shows the sector settling into maturity rather than decline.
Also Startup Daily
Melbourne car subscription startup Carbar has raised $28.9 million led by insurer IAG and Seven West Media, following a 2019 raise, to fund marketing, partnerships, technology and growth of its electric vehicle fleet.
Also Startup Daily·LaunchVic