SideCar Raises $10M in Series A Financing


SideCar, a San Francisco, CA-based on-demand rideshare network, has raised a $10m Series A financing.

Backers include Lightspeed Venture Partners and Google Ventures.

The company intends to use the capital to hire (http://www.side.cr/jobs) and grow operations, further develop technology and expand into new markets nationwide.

Founded in 2012 by by Sunil Paul, CEO and launched in San Francisco last June, SideCar operates a crowd-sourced transportation network that connects everyday drivers who have a car with nearby passengers who are looking for a way to get around the city.
Its free mobile application is available for download for passengers via the App Store for iPhone and GooglePlay for Android users.
The company plans to enter into new markets later this year.

Drivers can apply at www.side.cr/drive.

FinSMEs

10/10/2012

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