Car sharing service Zipcar has increased a $21 million round of funding led by Meritech Capital Partners, the company declared this morning.
It's an astonishing move, as the company, which has increased $59 million to date, filed for a $75 million IPO back in June.
Zipcar has obtained numerous similar services in foreign markets in recent times, and says it will use the new increase to "strengthen its balance sheet and continue its geographic expansion."
As part of the contract, AOL founder Steve Case will unite Zipcar's board.
It's an astonishing move, as the company, which has increased $59 million to date, filed for a $75 million IPO back in June.
Zipcar has obtained numerous similar services in foreign markets in recent times, and says it will use the new increase to "strengthen its balance sheet and continue its geographic expansion."
As part of the contract, AOL founder Steve Case will unite Zipcar's board.
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