US-based car sharing service RelayRides added an extra $10m from Trinity Ventures on Tuesday to the $25m it raised in a Google-backed series B round in June.
Venture capital firm Trinity joined Google Ventures, internet company Google’s corporate venturing unit, Canaan Partners, August Capital and Shasta Ventures in the round.
RelayRides has now secured approximately $54m since it was founded in 2008. Google, August and Shasta funded the company’s $10m series A round in 2011, which was followed by a $3m strategic investment from carmaker General Motors in 2012.
RelayRides CEO Andre Haddad told TechCrunch: “This increases our war chest and enables us to be even more aggressive,” adding that the company will put the funds towards improving existing products and launching new ones as it expands its geographical presence, particularly at US airports.
– Photo courtesy of RelayRides