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French ridesharing community BlaBlaCar gets $200 million in Series D, making it one of Europe’s most well-funded startups

The world’s largest long-distance ridesharing community, BlaBlaCar, that originated in France and then spread to other European countries, has announced a $200 million Series D investment. The round was led by Insight Venture Partners and Lead Edge Capital along with participation of Vostok New Ventures. This round makes BlaBlaCar one of Europe’s most well-funded startups, with the total funding adding up to $300 million to date. The raised capital will be used to meet the demands of an accelerated growth in established markets and BlaBla’s phenomenal results in newer markets. With over 20 million members in 19 countries, BlaBlaCar has brought ridesharing to the mainstream, creating an affordable way to travel between cities that are entirely based on wasted car capacity – i.e. empty seats. The service connects people looking to travel long distances with drivers already going the same way, so both can save money by sharing the cost of their journey. This model has made BlaBlaCar a leader of the global sharing economy, and is helping to make road travel more efficient and affordable.

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VC Deals,BlaBlaCar,Insight Venture Partners,Lead Edge Capital,long-distance ride-sharing,Vostok New Ventures