Limos.com, an online marketplace for chauffeured transportation worldwide, raised $10m in venture capital financing from Austin Ventures.
In conjunction with the funding, the company announced the release of its new corporate travel management product, Limos.com for Business, an online car service management product that offers advanced controls for corporate travel managers and direct access to quality local car service operators.
In coming weeks, the company also will launch a mobile applications for iPhone and Android, which will allow travelers to search and book car services in all of its markets worldwide.
Led by President & CEO T.J. Clark, Limos.com offers leisure travelers comparison of top local car service companies, consumer reviews and instant online booking. All operators are pre-screened and covered by $10m in insurance. Major online sites, including OpenTable.com, Live Nation/Ticketmaster.com and David’s Bridal, have partnered with Limos.com to feature booking buttons on their sites.
In conjunction with the funding, Austin Ventures Partners Mike Dodd and John Thornton will join the company’s board of directors. The investment adds to the company’s original funding of $5m from Canal Partners.
FinSMEs
29/03/2011