Zipcar operates a car-sharing service that provides access to vehicles across urban areas and college campuses. The company reports more than 500,000 members and a fleet of 8,000 vehicles in the United States, Canada and the United Kingdom. It completed a $50 million acquisition of U.K. car-sharing company Streetcar earlier this year. Zipcar said it will use new proceeds to fund working capital needs, finance fleet growth, and continue geographic expansion. The company previously weighed a $75 million IPO to pay off debts, indicating it has used public-offering consideration to address liabilities. Recent board changes include the additions of Steve Case and John Mahoney, while Philippe Bourguignon stepped down.

Total raised

$21M

Funding rounds

1

Latest round

Series G

Latest activity

Dec 2010