According to TC, Getaround has raised $140 million in a Series E deal, bringing its total funding to $600 million.
The Series E deal was led by PeopleFund, with new investors including Reinvent Capital, AmRest founder Henry McGovern, Pennant Investors and VectoIQ partners Steve Girsky, Mary Chan and Julia Steyn also investing. Previous investors participating include SoftBank Vision Fund, Menlo Ventures and more.
The Getaround marketplace gives people a chance to share their cars with others nearby, offsetting the cost of car ownership. Since launching in San Francisco in early 2011, Getaround has seen significant momentum including expanding into Austin, San Diego and Portland, and signing up over 10,000 active and potential Getaround owners nationwide.
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