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Sidecar raises $15 million from investors including Richard Branson

16
Sep
2014

(Reuters) – Sidecar, a ride-sharing startup which competes with on-demand car services such as Uber and Lyft, said it raised $15 million from existing and new investors, including Virgin Group founder Richard Branson. Existing investors Avalon Ventures and Union Square Ventures also participated in the funding round, the company wrote in a blog post. Sidecar, which uses a smartphone-based app to match riders with drivers, plans to expand in the United States to match the reach of its rivals. (Reporting By Sai Sachin R; Editing by Joyjeet Das)

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