Total Ventures and existing shareholder Workday Ventures took part in a $60m round that lifted carpooling service Scoop Technologies’ total funding to more than $106m.
US-based carpooling platform Scoop Technologies collected $60m in funding yesterday from investors including Total Ventures and Workday Ventures, respective subsidiaries of petroleum supplier Total and enterprise software producer Workday.
The round was led by venture capital firm Activate Capital and also featured financial services provider BNP Paribas and NGP Capital, the VC firm backed by communications technology producer Nokia, as well as Index Ventures, Signia Ventures and G2VP.
Founded in 2015, Scoop operates a mobile app where commuters can connect to each other in order to organise carpooling. It has partnerships in place with more than 55 companies including LinkedIn, T-Mobile and Workday, whereby it offers their employees access to the service.
The company has facilitated more than 7 million trips to date across 2,000 US cities, and will use the cash to expand into additional markets.
The round brought Scoop’s funding to more than $106m to date, it said. The company simultaneously revealed a $20m series B round that was led by G2VP and an $11m series A led by Index Ventures, in late 2017.
Workday Ventures and BMW i Ventures, the open innovation arm of carmaker BMW, had backed a $5.1m seed round for Scoop in 2016 that also featured Signia Ventures and Index Ventures.
Scoop co-founder and CEO Rob Sadow said: “We are thrilled to partner with both our investors and customers to help improve what is often one of the worst parts of all of our days: our commutes. We look forward to aggressively expanding across the United States in order to meaningfully impact quality of life for commuters everywhere.”
