Announcing Smartcar's $24M Series B Funding
Summary
Smartcar announced a $24 million Series B round led by Energize Ventures with participation from a16z and NEA. The company positions its API platform as the software layer that helps developers build connected car and mobility applications across fragmented vehicle brands. Smartcar says its platform now supports 22 brands in 31 countries and reaches more than 112 million cars through a single integration. The company plans to expand vehicle telemetry APIs, add more car brands, and grow operations in the U.S. and Europe.
Funding
Amount
$24.0M
Total raised
Date
January 19, 2022
Announcement date
Investors
Energize Ventures, New Enterprise Associates, New Enterprise Associates (NEA), Andreessen Horowitz
Lead investors
Company
smartcar.com
Funded company
Classifications
industries
Automotive
applications
No applications detected
AskAI Classifications
Labels
API Platform
Developer Tools
SaaS
Linked Companies
Smartcar
$1M to $5M