FlightCar, a San Francisco, CA-based peer-to-peer car sharing company that operates at airports for travelers, raised $13.5m in Series A financing.
The round was led by GGV Capital with participation from existing investors General Catalyst, SoftBank Capital, and First Round Capital as well as Comcast Ventures. In conjunction with the funding, Hans Tung, Managing Partner at GGV, will join FlightCar’s board.
The company, has received a total of $20m to date, will use the funds to further advance its growth into many new locations.
Co-founded 18 months ago by CEO Rujul Zaparde (age 19) and Kevin Petrovic (age 20), FlightCar is a peer-to-peer car sharing company that allows people to rent their car to other travelers and make extra cash instead of leaving their car unused at the airport.
The service, which is available at San Francsico, Boston and Los Angeles airports with others to launch soon, has over 30,000 members.
The company has graduated from Y Combinator and The Brandery.