Fluid, a Denver, CO-based community sharing app that allows people to rent items to and from their neighbors, closed a $1.7m seed funding round.
Backers included Grotech Ventures, New Enterprise Associates (NEA), Correlation Ventures, and a number of angel investors.
The company intends to use the funds to further refine its product, invest in the community sharing marketplace, and continue to grow its team.
Led by James Eberhard, Chairman and co-founder, Fluid is a community sharing app that allows people to securely list, discover, and rent items to and from one another. The app is available on iOS and Android.
To share an item, users post a short description and photo, indicating an item’s availability, pick-up instructions and rental price. Those searching for items can browse the app for available goods, schedule usage, and pay for rentals directly in the app. Users can stay connected through the in-app messaging system, and receive reminders regarding upcoming reservations.
Over the course of its pilot in Denver, people have shared a variety of vehicles (including a school bus, a Tesla, and moving trucks), tools (including ladders, saws and weed wackers), try before you buy items (including drones, virtual reality equipment, and a yoga trapeze swing), outdoor gear (including tents, backpacks, and sports equipment), and party items (snow cone machines, pop-up tents, and bouncy castles).