Zipcar Receives $21,000,000 New Funding Round

  • Feed Type
  • Date
    12/15/2010
  • Company Name
    Zipcar
  • Mailing Address
    25 First Street 4th Floor Cambridge, MA 02141
  • Company Description
    Zipcar, the Web-based car-sharing service, Zipcars are as ubiquitous as ATMs. Z2B (business) and personal drivers alike are loving the freedom and cost savings a Zipcar brings to their life – many have even achieved transportation nirvana.
  • Website
    http://www.zipcar.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $21,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Zipcar will use the proceeds to fund working capital needs and finance fleet growth. The company will also use the capital to strengthen its balance sheet and continue its geographic expansion.
  • M&A Terms
  • Venture Investor
    Meritech Capital Partners

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