Funding & Acquisitions Roundup: Local Motion raises $6M in Series A funding for its car sharing tech

By Editor August 28, 2013

By Brian Kovalesky, StartUp Beat Editor

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

Car sharing tech startup Local Motion has raised $6 million in Series A funding from Andreessen Horowitz. The Burlingame, California-based company offers a cloud-connected device that can be placed on vehicles to facilitating sharing. They market primarily to businesses that utilize fleet cars for tracking and more efficient sharing, offering features like keyless entry where fleet cars are accessed through employee badges. It was founded in 2010.

Vital Info.:


HQ: Burlingame, California

Founders: John Stanfield, Clément Gires

Year Founded: 2010

Series A Investor: Andreessen Horowitz

Innovation: A cloud-connected device placed on vehicles to facilitate car sharing.

Total Funding: $7 million

(Sources: GigaOm, Local Motion, CrunchBase, VentureBeat)

More funding and acquisitions news…

Ubimo, A Location-Based Mobile Audience Targeting Startup Founded By Ex-Googlers, Raises $2M Seed Round (via TechCrunch)

3D Hubs, Europe’s Largest Collaborative 3D Production Platform Launches, Announces Seed Funding Round Led by Balderton Capital (via Angel News/company press release)

Waze cofounder raises $3M for FeeX, the ‘Robin Hood’ of financial fees (via VentureBeat)

Heap Raises $2M For Their “Capture Everything” Analytics Tool (via TechCrunch)

ThingLink raises $2m to grow interactive image platform in the US (via VentureVillage)

Backed By Founders Fund, 500 Startups And Others; Trusted Insight Is An AngelList For Institutional Investors And LPs (via TechCrunch)

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