GO Closes $41M Funding Round

GO, a Philadelphia, PA-based car subscription startup, secured $41m in financing.

The round was led by Synterra Capital Management.

The company intends to use the funds to grow its fleet substantially and expand service nationally.

Led by Michael Beauchamp, Founder and CEO, GO provides a service that allows customers in available markets to order their car online. There’s no down payment, and the entire process is handled virtually. Distinct from traditional auto lease and finance, the service is now live in four states, including Pennsylvania, Florida, New Jersey and Delaware, with plans to announce additional markets later this year.