Zimride, a San Francisco, CA-based online ride-sharing service, has closed a $6m Series A funding.
The round was led by the Mayfield Fund, with participation from existing investors FLOODGATE and K9 ventures.
Launched in 2007 by CEO Logan Green, Zimride allows drivers to sell the empty seats in their car by matching them with passengers traveling along the same route. In addition to public routes such as San Francisco to Los Angeles, it has implemented networks for over 120 universities and corporate campuses including Stanford, UCLA, University of Michigan, Facebook and Jet Blue. Yje company has also partnered with artists including Jack Johnson, Dave Matthews Band and Sheryl Crow to provide ridesharing to their events. The marketplace allows members to set up a profile, see and book a ride in their area, or post a ride of their own.
The company intends to use the funding to scale its networks, build out new markets and expand product functionality. It aims to provide transportation opportunities to over 300 networks by the end of 2012.
Zimride is currently hiring (read here).
FinSMEs
21/09/2011