What is FlightCar?
FlightCar operates a unique platform that allows individuals to rent out their vehicles to other travelers while they are away at the airport. This service provides a cost-effective alternative to traditional car rental agencies and offers vehicle owners an opportunity to generate income. Each rental is insured up to $1 million, and renters undergo a pre-screening process to ensure safety and reliability. The company also offers benefits such as curbside pickup and drop-off, along with complimentary car washes for renters, and potential earnings of up to 20¢ per mile for vehicle owners, depending on the car's specifications.
How much funding has FlightCar raised?
FlightCar has raised a total of $41.1M across 3 funding rounds:
Angel/Seed
$570K
Series A
$19.9M
Series B
$20.7M
Angel/Seed (2013): $570K with participation from Vine St. Ventures, TEEC Angel Fund, Y Combinator, and SV Angel
Series A (2014): $19.9M led by First Round Capital, GGV Capital, General Catalyst Partners, SoftBank Capital, and Comcast Ventures
Series B (2015): $20.7M supported by First Round Capital, General Catalyst Partners, and GGV Capital
Key Investors in FlightCar
First Round Capital
First Round Capital is a venture capital firm known for investing in early-stage technology companies. They focus on providing foundational support and strategic guidance to help startups scale and achieve market leadership.
General Catalyst Partners
General Catalyst is a venture capital firm that partners with entrepreneurs and management teams to build transformational companies. They invest across various sectors, offering deep operational expertise and strategic capital to accelerate growth.
GGV Capital
GGV Capital is a global venture firm investing in social/internet, enterprise tech, and smart tech sectors. They support founders from seed to growth stages, with a focus on companies that leverage technology to create significant market impact.
What's next for FlightCar?
With the recent major strategic investment, FlightCar is poised for accelerated expansion and further development of its service offerings. The substantial capital infusion, particularly following its Series B financing, suggests a focus on scaling operations, enhancing technological infrastructure, and potentially broadening its market reach. This strategic backing from prominent investors indicates a strong belief in FlightCar's ability to disrupt the airport parking and car rental industries, likely leading to enhanced customer acquisition strategies and operational efficiencies.
See full FlightCar company page
