BlaBlaCar, a Paris, France and London, UK-based long-distance ride-sharing community, secured $200m in Series D funding.
The round, which brought total funding to date to over $300m, was led by Insight Venture Partners and Lead Edge Capital with participation from Vostok New Ventures. In conjunction with the funding, Jeff Horing, a managing director at Insight Venture Partners, joined BlaBlaCar’s board.
The company intends to use the funds to accelerate growth in Europe and in emerging markets,
Founded in 2006 by Frédéric Mazzella, CEO, Francis Nappez, CTO, and Nicolas Brusson, COO, BlaBlaCar connects people looking to travel long distances with drivers already going the same way. The service has over 20 million members in 19 countries. Since raising $100 million in July 2014, BlaBlaCar has expanded across three continents into seven new countries, including three emerging markets – Turkey, India and Mexico. Already well-established in Europe, it consolidated the market with three acquisitions in Germany, Mexico and Eastern Europe, including the April 2015 acquisition of carpooling.com, the world’s second-largest ridesharing service.
BlaBlaCar currently operates in Benelux, Croatia, France, Germany, Hungary, India, Italy, Mexico, Poland, Portugal, Romania, Russia, Serbia, Spain, Turkey, Ukraine and the United Kingdom.