Getaround Closes $24M Series B Financing

Getaround_LogoGetaround, a San Francisco, CA-based peer-to-peer carsharing community, raised $24m in Series B financing.

The round was led by Cox Automotive—owner of AutoTrader, Kelley Blue Book and Manheim Auctions with participation from Menlo Ventures, Triangle Peak Partners, and SOS Ventures.

The company, which has raised over $40m to date, intends to use the funds to expand its on-demand carsharing service into major U.S. markets, starting with Oakland, Portland, and launching on the East Coast with Washington D.C.

Led by Founder Jessica Scorpio, Getaround leverages patented connected car technology (Getaround ConnectTM) with auto insurance coverage (backed by Assurant) to create a community where users can share cars by the hour and by the day.




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