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Smartcar: Raises $24M in Series B Funding
FinTechFunding
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Smartcar: Raises $24M in Series B Funding

Steve Sam
By Steve Sam

Smartcar Raises $24M in Series B Funding

  • Smartcar Inc., a Mountain View CA-based provider of an API developer platform for connected vehicles, raised $24M in Series B funding
  • The round was led by Energize Ventures with participation from Andreessen Horowitz (a16z) and New Enterprise Associates (NEA)
  • In conjunction with the funding, John Tough, managing partner at Energize Ventures, joined company’s board
  • Co-founded by Sahas and Sanketh Katta, the company is a developer platform for mobility businesses
  • From auto insurance and car sharing to EV charging and fleet management, businesses of all kinds use the company’s APIs to integrate their apps and services with vehicles

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