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Smartcar Announces $24M Series B To Power The Next Wave Of Mobility

PRIVATEJan 19, 2022

Amount Raised

$24

Round Type

Series B

Mountain ViewSoftwareTransportation

Description

Smartcar’s platform enables software applications and services to integrate with 112 million connected cars and counting

Quick answer

Smartcar raised $24 in a Series B round, dated January 19, 2022. Smartcar is based in Mountain View, California, United States.

How much did Smartcar raise?
Smartcar raised $24 in a Series B round on January 19, 2022.
What does Smartcar do?
Founded in 2015, Smartcar is the leading developer platform for mobility businesses.
Where is Smartcar based and how big is it?
Smartcar is based in Mountain View, California, United States.

Source: Fundz verified event record.

Who else raised in Transportation and Software around the same time

Companies in the same sectors as Smartcar that raised within 45 days of this round, from Fundz verified event records.

  • Bolt raised $259M on February 9, 2022.
  • Morai raised $21M (Series B) on February 8, 2022.
  • RideNow Group, Inc. raised an undisclosed amount (Funding Round) on February 7, 2022.
  • HERE Technologies raised an undisclosed amount (Series B) on January 27, 2022.
  • Wayve Technologies Limited raised $200M (Funding Round) on January 18, 2022.
  • Verica raised $12M (Series A) on January 18, 2022.

Who to call at Smartcar, and when

A new round usually means Smartcar is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Smartcar raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Smartcar, from your own LinkedIn network

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Company Information

Company

Smartcar

Location

Mountain View, California, United States

About

Founded in 2015, Smartcar is the leading developer platform for mobility businesses. From auto insurance and car sharing to EV charging and fleet management, businesses of all kinds use Smartcar’s APIs to integrate their apps and services with vehicles. By making it easy to connect to their customers’ cars, Smartcar enables companies to build the future of mobility. Smartcar has raised $36M to date and is backed by Energize Ventures, Andreessen Horowitz (a16z), and New Enterprise Associates (NEA). For more information, visit https://smartcar.com.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Smartcar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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