Silvercar Receives $14,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=18f01761-f4de-457e-8d36-9fefe386c1d0
Date
9/23/2014
Company Name
Silvercar
Mailing Address
712 Congress Ave. Austin, TX 78701 USA
Company Description
Silvercar is the airport car rental experience reimagined for you, the connected business traveler. We put the power back in your hands, enabling you to bypass lines, avoid complexity and frustration, and drive away in a world-class car at a great price. Every time.
Website
http://www.silvercar.com
Transaction Type
Venture Equity
Transaction Amount
$14,000,000
Transaction Round
Series B
Proceeds Purposes
The startup will try to reach break-even next year, which will help it secure non-dilutive working capital lines.
M&A Terms
Venture Investor
Venture Investor
Venture Investor