Spinny raises $280 million

Car trading start-up Spinny reportedly has raised more than $280 million of Series E venture funding, valuing the company at $1.75 billion. The latest deal was co-led by Tiger Global and Abu Dhabi Growth Fund.

Founded in 2015, this is Spinny’s third fundraiser this year. The start-up was valued at about $700 million in July and $350 million in April. The company is backed by many prominent investors including FJ Labs, General Catalyst, Norwest Venture Partners, and Accel.