Funding and Acquisitions Roundup: iCarsClub throws its hat into the car sharing ring with Seed funding; Sydney-based Posse brings its word-of-mouth solution to the U.S. with $500K in new funds

Today’s early-stage startup funding and acquisitions news:

Commerce

Singapore-based iCarsClub, which enables users to rent out their cars to the transportation-challenged by the hour, has nabbed $482K in Seed funding. The funding came from Red Dot Ventures, VC affiliated with the Singapore government’s National Research Foundation. The service is currently only available in Singapore, with plans to expand to other markets in Asia, according to TechCrunch.

Sydney-based Posse has raised $500K in additional funding to coincide with the debut of its local word-of-mouth discovery app in the U.S. and its new iOS app. The company, which was founded in 2008, has raised more than $3.5 million previous to this latest funding round. Investors include  Lars Rasmussen, Google Maps creator and currently Facebook’s Director of Engineering; Angel investor Bill Tai; Bill Lee of Remarq; Australian fund Elevation Capital; Simon Rothman, founder of eBay Motors; and Dave Sibley of MTV. More about the announcement via TechCrunch.

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