Ringier Digital Ventures helped provide $16.6m for the car subscription service, which has now secured more than $83m in total.
Switzerland-based car subscription service provider Carvolution has raised CHF15m ($16.6m) in funding from investors including media group Ringier’s corporate venturing arm, Ringier Digital Ventures, yesterday.
Francisco Fernandez, founder of banking software developer Avaloq Group, led the round, with participation from Armada Ventures and Redalpine.
Carvolution provides a car subscription service that enables business and consumers to lease a variety of diesel, petrol and electric vehicles for a flat monthly fee. It subscriptions also include insurance, fuel discounts, taxes and vehicle…
