Fasten Receives $10,000,000 Series A Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=342af5a7-30e2-42bc-924f-bf9d6bee9b10
Date
11/14/2016
Company Name
Fasten
Mailing Address
745 Atlantic Avenue Boston, MA 02111 USA
Company Description
At Fasten, we believe ridesharing will be a mainstay in the future of transportation. But only after ridesharing companies make serious changes to the way they operate. For instance, charging 20% commission from drivers is unsustainable.
Website
http://www.fasten.com
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Series A
Proceeds Purposes
Fasten will use the new funds to hire more developers, accelerate product development and “solidify” its positions in its two current markets: Boston and Austin.
M&A Terms
Venture Investor
Almaz Capital Partners
Venture Investor
Investor
Venture Investor
Investor