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August 2, 2012 09:00 pm GMT
Peer-to-peer car sharing service -- and former TechCrunch Disrupt winner -- Getaround just raised $13.9 million in new funding to expand into new markets and improve its product. It's also rolling out a new product called Getaway that will let users who never use their cars to rent them out for months at a time, with Getaround managing rentals and handling all maintenance.Getaround's $13.9 million Series A round was led by Menlo Ventures, with managing director Shervin Pishevar joining the company's board. Other investors include new Yahoo CEO Marissa Mayer, A-Grade Investments, and Eric Schmidt's Innovation Endeavors, as well as Collaborative Fund, SOSventures' Sean OSullivan, Correlation Ventures, HotelTonight CEO Sam Shank, Yammer CEO David Sacks, Saba Software CEO Bobby Yazdani, Hoteles.com founder Matias de Tezanos, Clarity.fm founder Dan Martell, and .CO CEO Juan Diego Calle.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hhG-AO3hxbg/
Getaround Raises $13.9M Series A Led By Menlo Ventures, Launches Getaway For Managed Car Rentals
Peer-to-peer car sharing service -- and former TechCrunch Disrupt winner -- Getaround just raised $13.9 million in new funding to expand into new markets and improve its product. It's also rolling out a new product called Getaway that will let users who never use their cars to rent them out for months at a time, with Getaround managing rentals and handling all maintenance.Getaround's $13.9 million Series A round was led by Menlo Ventures, with managing director Shervin Pishevar joining the company's board. Other investors include new Yahoo CEO Marissa Mayer, A-Grade Investments, and Eric Schmidt's Innovation Endeavors, as well as Collaborative Fund, SOSventures' Sean OSullivan, Correlation Ventures, HotelTonight CEO Sam Shank, Yammer CEO David Sacks, Saba Software CEO Bobby Yazdani, Hoteles.com founder Matias de Tezanos, Clarity.fm founder Dan Martell, and .CO CEO Juan Diego Calle.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hhG-AO3hxbg/
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