US-based luxury airport car rental company Silvercar has raised $5 million in funding, according to a submission to the Securities and Exchange Commission.
While investors of this recent round of funding were not disclosed, this takes Silvercar's (TLabs here) total funding to $16.5 million.
Silvercar's first round of funding was for $11.5 million, led by Austin Ventures and early-stage investors Michael Arrington’s CrunchFund, Ron Conway’s SV Angel Fund, Dave Morin, Chris Dixon and others.
The company has been expanding aggressively in recent times and has launched its service in four airport locations in the US - Houston Hobby (launched just 20 days ago), Dallas Fort Worth, Dallas Love Field and Austin-Bergstrom.
In a recent interview with Tnooz, Silvercar's CEO Luke Schneider revealed that the company's three-year plan was to have more than 5,000 cars in at least four different markets in the United States.