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2012 October

10 Oct

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Ride-Sharing Startup SideCar Raises $10 Million From Lightspeed And Google Ventures

October 10, 2012 | By |

Ride-sharing has become extremely popular in San Francisco, as a couple of startups have emerged to offer low-priced transportation alternatives to taxis and Ubers all around town. So far, Lyft has been getting most of the attention here, thanks to its flashy pink mustaches driving around town and its company culture. But competitor SideCar will likely be the first startup in the space to expand outside the Bay Area, and it’s raised quite a bit of funding to do so.

Read more on TechCrunch

10 Oct

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SideCar Revs Up With $10M Series A

October 10, 2012 | By |

Lightspeed Venture Partners and Google Ventures have pooled together to invest a $10 million Series A round in the ridesharing company SideCar, which operates a peer-to-peer ridesharing network. The San Francisco-based company had previously raised an undisclosed amount of seed funding from numerous investors, including Spring Ventures, Huron River Ventures, SV Angel, Lerer Ventures, First Step Fund, Jeff Clarke, Lisa Gansky, Robert Goldberg, Jared Kopf, Konstantin Othmer, Mark Pincus, Martin Roscheisen, Josh Silverman and Thomas Varghese.

Read more on peHUB

10 Oct

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Let the ride-sharing wars begin. SideCar Raises $10 Million From Google Ventures, Lightspeed

October 10, 2012 | By |

Let the ride-sharing wars begin. Ride-sharing startupSideCar has raised $10 million in Series A financing from Google Ventures and Lightspeed Venture Partners to take on others in the space.

SideCar plans to use the funding to build out its technology and move into new markets outside of its current San Francisco market later this year. Launched last June in San Francisco, SideCar now has “hundreds” of drivers and “thousands” of passengers and has topped 50,000 rides.

Read more on Forbes