Friday , 20 October 2017
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Sidecar raises $15.8M to compete with Uber and Lyft — and it could raise $2M more

Sidecar raises $15.8M to compete with Uber and Lyft — and it could raise $2M more

Sidecar raises $15M as it fights to compete with Uber and Lyft

Sidecar raises $15M as it fights to compete with Uber and Lyft

Above: Sidecar promotional photo

On-demand car service Sidecar today announced a new $15 million funding round led by Avalon Ventures. Union Square Ventures and Virgin founder Richard Branson also participated in the round.

The new funding follows the launch of Sidecar’s “Shared Rides” carpooling service, which was announced shortly after Uber and Lyft teased similar carpooling services back in early August.

Sidecar tells us it has raised $35 million to date, following a 2013 $10 million round led by Union Square Ventures (announced February 2014) and a 2012 $10 million round led by Lightspeed Venture Partners and Google Ventures.

More to follow.

Sidecar’s smartphone app matches everyday people in their own car with people nearby for shared rides. It’s a fast, safe and fun way to get around the city, meet new people and keep extra cars off the road. Sidecar is a totally dif… read more »

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