Startup · $15m raised
Sydney, NSW
Every investor coverage indicates participated in a round Car Next Door raised.
| Investor | Rounds | Invested |
|---|---|---|
| Caltex | Series B · Accelerator | - |
| Hollard Insurance Company | Series B | - |
| Hyundai | Unnamed stage · Accelerator | $6,200,000 |
| Investible | Series B | - |
| Larix VC | Series B | - |
| Macquarie Group | Series B | - |
| Roger Allen | Series B | - |
| SmartCompany | Accelerator | - |
| Steve Baxter | Series B | - |
Investors whose own portfolio pages list Car Next Door, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Afterwork Ventures | its portfolio page ↗ |
The transaction that ended Car Next Door's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Uber | Acquisition | Nov 2022 | - | Startup Daily (Tue 20 Dec 2022), Wholesale Investor, Startup Daily (Fri 14 Oct 2022), Startup Daily (Mon 7 Feb 2022), SmartCompany (Fri 21 Jan 2022), SmartCompany (Thu 20 Jan 2022), Startup Daily (Thu 20 Jan 2022) |
Companies Car Next Door acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Car Next Door. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
Sports scoring software maker Liveheats has secured $1.3 million in seed backing from five individual backers to grow its product and sales teams and expand into the US and Europe.
Sydney VC Investible appoints Charlie Ill as its inaugural investment chief and promotes two staff while pursuing global expansion; its climate fund nears target and notches a first exit via MyRobin's sale.
Ignition Lane's year-end review of 2022 tech news: shifting VC sentiment, record Australian fund raises, grocery delivery failures and shutdowns, local M&A, crypto fallout, awards, and global stories from Twitter to ChatGPT.
Also AgFunderNews
AfterWork Ventures' first-birthday post recalls its founders' angel record, a 2019 micro-fund, a ten million dollar first close five months in, and the launch of its NFT project.
Also AfterWork Ventures
Ignition Lane's weekly tech roundup: AirTree raises $700m across three new funds, dozens of Australian startups announce rounds, a wave of acquisitions including Block completing its Afterpay buy, plus Web3 commentary and US market moves.
Car-sharing platform Car Next Door has been bought by Uber for undisclosed terms. The piece retraces the company's decade-long journey, including a 2016 Shark Tank pitch and backing from Hyundai, Caltex and Investible.
Uber has bought the decade-old Australian car-sharing marketplace Car Next Door for an undisclosed price. The startup's leadership stays on; Hyundai was its most recent backer with $6.2 million in 2019.
Also SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Wholesale Investor
Angel investor and Investible co-founder Trevor Folsom has joined UNSW Founders as Entrepreneur in Residence, mentoring early-stage founders and advising on validation, scaling and capital raising.
Wholesale Investor profiles Car Next Door, an Australian car-sharing marketplace, detailing its Hyundai and Suncorp-backed Series C raise, earlier 2019 funding, Series A and B history, and expansion plans.
Hyundai has injected a further $6.2 million into car-sharing marketplace Car Next Door, having earlier joined Caltex in a raise, as the startup plans a nationwide subscription rollout.
Australian car-sharing platform Car Next Door has raised $6.2 million from Hyundai, after a recent $1.8 million round, with co-founder Will Davies discussing scaling pains and the coming shift to shared autonomous transport.
Also Startup Daily·Startup Daily·Startup Daily·Wholesale Investor
Car Next Door closed a $5 million Series B led by Caltex and Investible, with Steve Baxter, Roger Allen, Macquarie Group, Hollard and Larix VC also backing, plus a crowdfunding tranche via Equitise.
Peer-to-peer car-sharing platform Car Next Door has raised $2.3 million from existing backers Caltex and Investible, and is planning an Equitise-run crowdfunding campaign targeting as much as $1.5 million to fund growth.