Sidecar receives $10 million in funding

Posted Feb 19, 2014

Sidecar is a ride-sharing service where drivers will be able to set their prices. Passengers can choose from a list of drivers based on distances, car quality, ratings, and price. Sidecar is available in Chicago and Los Angeles right now.

Passengers can choose rides based on their preferences and needs at different times of the day. Women passengers seem to prefer women passengers in Chicago and Los Angeles. Sidecar is now available in 8 U.S. markets and arranged a total of 1 million rides since launching two years ago.

This round of funding was led by Union Square Ventures with participation from Correlation Ventures, Avalon Ventures, and SoftBank Capital. Fred Wilson is joining the Sidecar board of directors.

[Source: Recode]