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Ridecell Expands Series B Equity Round And Increases Funding To Over $60M

by vcaonline.com posted 5months ago 31 views
SAN FRANCISCO, November 13, 2018-- Ridecell Inc., a leading carsharing, ridesharing and autonomous ridehailing platform for new mobility operators, announced that it has expanded its Series B equity investment round. The new investments have more than doubled the capital raised in the initial Series B round—$28M announced in May—to more than $60M. The complete Series B round is now being led by Activate Capital, and Raj Atluru, Managing Director and Co-founder of the firm, will join the company's board as the first outside director.

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