Funding & Acquisitions Roundup: Local Motion raises $6M in Series A funding for its car sharing tech
By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
Car sharing tech startup Local Motion has raised $6 million in Series A funding from Andreessen Horowitz. The Burlingame, California-based company offers a cloud-connected device that can be placed on vehicles to facilitating sharing. They market primarily to businesses that utilize fleet cars for tracking and more efficient sharing, offering features like keyless entry where fleet cars are accessed through employee badges. It was founded in 2010.
Year Founded: 2010
Series A Investor: Andreessen Horowitz
Innovation: A cloud-connected device placed on vehicles to facilitate car sharing.
Total Funding: $7 million
More funding and acquisitions news…
3D Hubs, Europe’s Largest Collaborative 3D Production Platform Launches, Announces Seed Funding Round Led by Balderton Capital (via Angel News/company press release)
Waze cofounder raises $3M for FeeX, the ‘Robin Hood’ of financial fees (via VentureBeat)
Heap Raises $2M For Their “Capture Everything” Analytics Tool (via TechCrunch)
ThingLink raises $2m to grow interactive image platform in the US (via VentureVillage)
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