Sidecar, a US-based ride sharing company backed by investors including internet company Google, has raised $15m in series C funding.
The round, revealed by CEO Sunil Paul in a blog post on Sunday, featured venture capital firms Avalon Ventures and Union Square Ventures, and entrepreneur Richard Branson.
Sidecar will invest the money in expanding its ride sharing service from its home city of San Francisco to the rest of the US. It also recently introduced a service called Shared Rides, which enables people to contact other local users and organise a shared journey where the cost could be split equally.
Google co-led Sidecar’s $10m series A round in 2010, which also featured Lerer Ventures and Huron River Ventures and Lightspeed Venture Partners.
The company also secured $10m in February this year from Union Square Ventures, SG VC and Tekton Ventures.