The car sharing platform developer raised $44.5m in a round backed by SoftBank Ventures Asia that increased its funding to almost $180m altogether.
South Korea-based car rental service SoCar has secured KRW 50bn ($44.5m) in funding from investors including a corporate venturing arm of telecommunications and internet group SoftBank, The Investor reported yesterday.
Softbank Ventures Asia was joined by investment firm KB Investment, venture capital firm Altos Ventures and Stonebridge Ventures, the VC arm of investment manager Stonebridge Capital.
Founded in 2012, SoCar operates an on-demand car sharing app that enables users to find and use vehicles, paying for them based on the…
