Limos.com Scores $10 Million For Online Limo And Car Services Marketplace
Founded by former employees of travel booking site Hotwire.com, Limos.com, an online marketplace for limo and car services, this morning announced that they’ve secured $10 million in financing from Austin Ventures. The new Austin Ventures investment adds to the company’s original funding of $5 million from Canal Partners. Coinciding with the funding announcement, the company has released a new corporate travel management product, Limos.com for Business.
T.J. Clark, Limos.com President and CEO, says he and his team couldn’t understand why there wasn’t an easy way to search, compare and book car services online after their experience with Hotwire.com, and thus set out to build one themselves.
Limos.com offers leisure travelers easy comparison of local car service companies, consumer reviews and instant online booking that shows the total cost upfront, including the driver’s tip.
Additionally, all Limos.com operators are pre-screened and covered by $10 million in insurance.
The startup has partnerships in place with major online booking service providers like OpenTable and Live Nation/Ticketmaster.com to feature booking buttons on their sites.
The company today announced Limos.com for Business, an online car service management product that offers advanced controls for corporate travel managers and direct access to local car service operators. Limos.com estimates that its system holds rates and inventory from 80% of the U.S. suppliers who specialize in corporate car services.
Last year, Limos.com expanded its reach to China, India and South America.
In coming weeks, the company also will launch applications for iOS and Android, which will allow travelers to search and book car services “on the go” in all of its markets worldwide.
- Tencent And Expedia Invest $126 Million In Chinese Online Travel Marketplace eLong
- Act-On Raises $10 Million For Online Marketing Automation Platform
- SpareFoot Lands $1.5 Million For Online Marketplace For Self-Storage Companies
- Boticca’s High-End Marketplace For Fashion Accessories Scores $2.5 Million
- myThings Scores $6 Million In Funding For Personalized Retargeting Technology