HomeFinTechGetaround: Receives $25M Venture Loan Facility From Horizon Technology Finance

Getaround: Receives $25M Venture Loan Facility From Horizon Technology Finance

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  • Getaround, a San Francisco-based car-sharing provider, received a $25 million venture loan facility from Horizon Technology Finance Corporation
  • The company will use the loan proceeds for general working capital purposes
  • Getaround is a peer-to-peer car-sharing platform where individuals can share their car by the day or the hour
  • Getaround creates a safe carsharing experience without the need to meet the car owner, carry an access card, or coordinate picking up a car key
  • People share everything and earn up to thousands in extra income each year
  • The company, which has expanded to over 300 U.S. and European cities, backed by premier tech investors
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