Wednesday, April 16, 2014

Silvercar Gets $5M In Debt Funding

Austin-based Silvercar has raised $5M in a debt financing round, according to a regulatory filing by the company. Source of the funding was not disclosed. Silvercar operates a car rental service which is driven by a mobile app. The company offers up a single model, premium Audi sedan with upscale features like GPS, satellite radio, and in-car Internet. Silvercar is backed by Austin Ventures, CrunchFund, SV Angel, as well as others. Photo: Silvercar's location near ATX on Tuesday.