Tuesday, February 21, 2017

Skurt Snags $10M For On Demand Car Rentals

Los Angeles-based Skurt, which operates a service that delivers a car to you on-demand when you need it for the day, and then retrieves it when you are done, has raised $10M in a funding round, the company disclosed on Tuesday. The funding was led by Upfront Ventures, and also included BMW, Cross Culture Ventures, Expansion VC, Greycroft Partners, and Magic Johnson. Skurt's app runs on iOS and Android. The company is tapping into underutilized vehicle fleet operators for its vehicles, and operates its own network of drivers to deliver and pick up those vehicles to renters.