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RelayRides rakes in $25 mln Series B

RelayRides said Tuesday that it has received $25 million in Series B funding. Canaan Partners led the round with participation from return backers August Capital, Google Ventures and Shasta Ventures. In conjunction with the funding, Deepak Kamra, general partner at Canaan Partners, will join RelayRides’ board of directors. RelayRides is a peer-to-peer car rental marketplace.

GM Ventures Jumps into RelayRides Series A, Pushing Total to $13M

The San Francisco-based peer-to-peer car sharing service RelayRides has added to its Series A round, pushing its total funding up to $13 million. The money comes from GM Ventures, which joins Google Ventures, August Capital, and Shasta Ventures. PRESS RELEASE: RelayRides (http://www.RelayRides.com), the world’s first neighbor-to-neighbor carsharing marketplace, today announces that General Motors Ventures and […]

Slideshow: Welcome to the Family, Motorola!

Google’s latest and greatest acquisition is its $12.5 billion buy of Motorola, incorporating into its stable a major handset maker and patent library that transcends the company’s long-held advertising and search business model. But how many other sectors is the search giant planning to enter? Well, just take a look at Google Ventures’ portfolio, and […]

Revved Up Zipcar IPO Gives Lift to Carsharing Industry

The IPO of 11-year-old VC-backed carsharing service Zipcar Inc. (Nasdaq: ZIP) took off like a rocket today, rising more than 60% from its $18 a share offering price. At one point today, Zipcar stock was speeding along at $31.50 a share. Reuters has more here. And that’s tremendous news for rival carsharing services, says Shelby […]

Rent My Ride! Google Ventures Backs RelayRides

Cities with limited parking and mediocre public transit tend to attract two kinds of people. First, there are those who own cars and complain about parking tickets, monthly payments and the wasted time spent circling for a spot every time they go out. Second, there are those who do not own cars, and lament the […]

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