Planet42: Funding, Investors & Team (Sep 2026)
Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle. The company leverages technology to mitigate risk and promote financial inclusion by buying second-hand cars from a network of motor dealers and providing them to customers on a subscription basis, without the need to physically see the car or meet the customer.
Planet42 has raised $109M across 2 funding rounds on record, the most recent an undisclosed round of $85.0M announced in Feb 2023.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Planet42 Company Profile and Key Stats
Latest funding round on record: Feb 2023.
Planet42 Funding Rounds
Planet42 raised $24.0M in a Debt Financing announced in Dec 2021.
1.2 years later, an undisclosed round of $85.0M was announced in Feb 2023.
Planet42 Founders and Leadership Team
Contact details for the Planet42 team: 1 of 1 has an email address on file.
Start 14-day free trial →Planet42 Funding Compared to Other Financial Services Startups
Planet42's latest round of $85.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Planet42 Funding FAQs
What does Planet42 do?
Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle. The company leverages technology to mitigate risk and promote financial inclusion by buying second-hand cars from a network of motor dealers and providing them to customers on a subscription basis, without the need to physically see the car or meet the customer.
How much funding has Planet42 raised?
Planet42 has raised $109M across 2 rounds on record. The most recent is an undisclosed round of $85.0M announced in Feb 2023.
When did Planet42 last raise funding?
Planet42's most recent funding round on record is an undisclosed round of $85.0M, announced in Feb 2023.
Who is the CEO of Planet42?
Eerik Oja is listed as CEO at Planet42.
Where is Planet42 headquartered?
Planet42 is based in Gauteng, Na - South Africa, South Africa.
How many employees does Planet42 have?
Planet42 is in the 11-50 employee band.
How does Planet42's funding compare to other Financial Services startups?
Planet42's latest round of $85.0M is above the $14M median round size for Financial Services companies on FundedIQ across 5,746 tracked companies over the last two years.
About FundedIQ's Planet42 Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Planet42 is left off this page rather than filled in.
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