Ride sharing platform Tripda has raised a $11 million series A to fund its expansion into North America.
Tripda is the long-distance ride sharing service that supplants other ride share venues, such as basic Craigslist postings, with a profile-based system that also offers direct payment processing to increase trust and security for both passengers and drivers.
The financing comes on the heels of growth into the United States, which we covered in the Tnooz startup pitch here. The team is a project of Internet business behemoth Rocket Internet, and will continue to expand as needed to support the new countries.
In the post announcing the Series A, Adi Vaxman, Co-founder and CEO of Tripda shared a bit behind the raise:
We are delighted by the endorsement and backing by Rocket Internet and the prominent New York-based venture capital fund that comprised this round. Their support is a clear affirmation of our business model and will help us accelerate our expansion as the premier ride-sharing platform in the U.S.
Through this support, we look forward to connecting even more people who need rides with drivers who have empty car seats as an alternative to bus, rail and short-air transportation.
The funding will also be used to entrench further into the 13 countries where the startup currently operates, and further enhance the Web and mobile products.