AUTOMOTIVE parts business, Partly, which provides vehicle databases that connect buyers with aftermarket manufacturers and retailers, has raised US$50 million (A$73m) in funds through a Cayman Islands venture capital firm. The funding round, led by DST Global Partners, will be used to further expand its business in the US and build on its European market presence. The company said that the global car parts business is estimated to be worth around A$4 trillion a year.