Getaround Rounds up a $13.9 M of Series A Funding
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San Francisco, California – Getaround, a peer-to-peer carsharing marketplace that enables car owners to rent their cars to trusted drivers by hour, day or weeks through smartphones has raised a series A funding amounting to $13.9 million from top venture capital firms Menlo Ventures, Innovation Endeavors, Collaborative Fund, SOS Ventures, Correlation Ventures and the Ashton Kutcher founded VC A-Grade Investments. The start-up was also backed by the new Yahoo CEO Marissa Mayer and other top angel investors.
The new funding will be used to expand its services and improve the current product. The company also just launched a new service called GetAway which lets car owners lease their cars for a month and the Getaround management team will handle the maintenance.
As part of the new funding, Menlo Ventures managing director Shervin Pishevar will join the company’s board of directors.
Funding
Funding Total: $13,900,000
| Round | Date | Amount | Pre Amount | Post Amount |
|---|---|---|---|---|
| A | 08/2012 | $13,900,000 | – | – |
| Investors: Menlo Ventures, A-Grade Investments, Innovation Endeavors, Collaborative Fund, SOSventures Investments, Marissa Mayer | ||||
Founders
- Posted in: Funding
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