The mobility sharing platform formerly known as Car2Go has raised fresh funding from investors including its parent, Shagrir.
Israel-based vehicle sharing company GoTo Global has raised a $19m series B round featuring car towing service company Shagrir Group Vehicle Services, TechCrunch reported today.
166 2nd Financial Services, the family office of corporate-backed workspace provider WeWork’s founder Adam Neumann, led the round with a $10m commitment, acquiring a 33% stake.
Shagrir is GoTo Global’s parent firm and will own a 54% stake in the company. The corporate’s participation involved the conversion of $9m of debt into equity.
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