Getaround, a San Francisco, CA-based peer-to-peer car sharing service, has raised $3.4m in seed funding.
Backers include Michael Arrington’s CrunchFund, Netflix founder Marc Randolph, Time Warner’s largest shareholder Vivi Nevo, Redpoint Ventures, Chris Farmer for General Catalyst, Len Jordan for Madrona Venture Group, and angel investors Barney Pell (Powerset founder), Matt Mullenweg (WordPress founder), Simon Rothman (eBay Motors founder, early Tesla board member) and Farhad Mohit (Shopzilla founder, Bizrate founder).
The company intends to use the funds to build out the platform, continue developing its proprietary smartphone and in-car technology technology and expand into new communities.
Getaround has also released Version 2.0 of its iPhone app.
Led by CEO Sam Zaid, Getaround enables users to share their cars with friends, co-workers, and neighbors, while people seeking cars are provided affordable access to vehicles everywhere.
FinSMEs
12/09/2011