September 15, 2014 / 7:06 PM / 4 years ago

Sidecar raises $15 mln from investors including Richard Branson

Sept 15 (Reuters) - Sidecar, a ride-sharing startup which competes with on-demand car services such as Uber and Lyft, said it raised $15 million from existing and new investors, including Virgin Group founder Richard Branson.

Existing investors Avalon Ventures and Union Square Ventures also participated in the funding round, the company wrote in a blog post. (bit.ly/X7doo8)

Sidecar, which uses a smartphone-based app to match riders with drivers, plans to expand in the United States to match the reach of its rivals. (Reporting By Sai Sachin R; Editing by Joyjeet Das)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below