Drivy moves up a gear with $35m

Apr 28, 2016 • Robert Lavine

Nokia co-led the car rental marketplace's series C round, which also included Mobivia Group's corporate venturing unit, Via-ID.

France-based vehicle rental marketplace Drivy raised €31m ($35m) today in a series C round co-led by led by Nokia Growth Partners (NGP), the strategic investment arm of communications technology producer Nokia.

NGP co-led the round with Cathay Innovation, the €250m venture capital fund managed by private equity firm Cathay Capital.

Vehicle servicing and mobility technology company Mobivia Group also participated, through its Via-ID subsidiary, as did Ecotechnologie Fund, which is run by French state-owned investment bank Bpifrance, and VC firm…

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