Getaround raises a $140 million Series E amid rebound in short-distance travel

Rick Turoczy
Starter of startups that help startups in #pdx — and often els...
Getaround raises a $140 million Series E amid rebound in short-distance travel
  • Getaround, a Silicon Valley car rental startup, which allows customers to instantly rent cars near them in more than 100 cities, announced today that it has raised $140 million in a Series E deal, bringing its total known venture funding to $600 million.
  • The Series E deal was led by PeopleFund, with new investors including Reid Hoffman and Mark Pincus’ Reinvent Capital, AmRest founder Henry McGovern, Pennant Investors and VectoIQ partners Steve Girsky, Mary Chan and Julia Steyn also deploying capital. Previous investors participating include SoftBank Vision Fund, Menlo Ventures and more.
  • Along with the financing, Getaround announced four new executives: Head of North American business Dan Kim, who formerly worked as the head of Airbnb plus and head of global sales and delivery at Tesla; CFO Laura Onopchenko, who is the former CFO of NerdWallet; vice president of people and culture Tia Gordon, formerly the director of people operations at Google; and vice president of customer experience Ruth Yankoupe, former vice president of Customer Experience at OYO.