Booster, a Burlingame, CA-based mobile gas station, raised $20m in Series B funding.
The round was led by Conversion Capital with participation from Maveron, Madrona Venture Group, Version One, Perot Jain LP, RRE Ventures, Stanford-StartX Fund, BADR investments, and U.S. Venture, Inc. In conjunction with the funding, Christian Lawless, Managing Partner of Conversion Capital, joined Booster’s board.
The company, which has raised a total of $32m, intends to use the funds to expand its reach and enhance the core experience of gas delivered to the car.
Led by Frank Mycroft, CEO, Booster delivers and pumps gas in office parking lots, using custom-built purple mini-tankers that navigate tight spaces. Customers request a ‘boost’ when they get to work, use the app to pin their car location, and get a full tank before they leave the office.
Since it launched service less than two years ago, the company has delivered more than five million gallons of gas. Booster has become a perk at more than 300 large employers including Cisco, Oracle, Gilead, eBay, PepsiCo, Facebook, as well as most of the Fortune 100 companies based in Booster’s service regions of Dallas-Fort Worth and the San Francisco Bay.