Friday, October 28, 2011

RelayRides Bumps Series A To $13M

San Francisco-based car sharing service RelayRides said Thursday that it has bumped the size of its Series A round to $13M. The firm said that it added GM Ventures to the list of its investors, on top of Google Ventures, August Capital, and Shasta Ventures. GM recently signed a partnership with RelayRides, which will allow owners of OnStar-enabled, GM vehicles to rent out their vehicles through the service. RelayRides operates a peer-to-peer car sharing service, where users can rent vehicles by the hour from others. More information »