Silvercar Raises $14M in Venture Capital

A customer at Silvercar's location at Austin Bergstrom International Airport is guided to his car by Silvercar's curbside valet service. Photo credit: Silvercar.
A customer at Silvercar's location at Austin Bergstrom International Airport is guided to his car by Silvercar's curbside valet service. Photo credit: Silvercar.

Silvercar, the app-based car rental operation, has received another $14 million in venture capital, according to a report by The Wall Street Journal.

This financial support will help Silvercar expand its Audi A4 rental service to other airport locations — financing vehicles as well as helping to pay airport concession fees, CEO Luke Schneider told The Wall Street Journal.

Investors include Eduardo Saverin, co-founder of Facebook, Velos Partners, Austin Ventures and CrunchFund, according to the report. Saverin recently supported FlightCar, a peer-to-peer car-sharing company that slows travelers to rent out their vehicles.

Currently, Silvercar has eight airport locations including Austin, San Francisco, Los Angeles, Dallas, Denver, Miami and Phoenix.

Click here for the full Wall Street Journal report: http://blogs.wsj.com/venturecapital/2014/09/23/silvercar-drives-away-with-14-million-from-eduardo-saverin-others/

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