Trinity Ventures backs car-sharing marketplace RelayRides

shutterstock_64223527

San Francisco-based car-sharing marketplace RelayRides has received $10 million in Series B funding from Trinity Ventures. The capital infusion is in addition to the company’s recent $25 million Series B round in which the investors were Canaan Partners, August Capital, Google Ventures and Shasta Ventures.

According to Crunchbase, RelayRides raised an undisclosed amount of Series A funding in January 2013. The investors in that round were Expansion Venture Capital and Webb Investment Network. And prior to that, the company secured $3 million in funding from General Motors Ventures in October 2011.

RelayRides launched in Boston in 2010, before expanding to San Francisco. In March 2012, the company launched nationwide. The firm’s website says that more than 1,900 cities across the country participate in RelayRides.

RelayRides was founded by Shelby Clark. Andre Haddad is the firm’s CEO.

Photo courtesy of Shutterstock. 

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget