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Lola raises USD 10 million from Uber and Qunar backers

02/07/2017| 2:20:50 PM| 中文

GV and Tenaya Capital have joined the latest Series B round for on-demand travel service Lola, bringing the total in that investment to $25 million.

GV and Tenaya Capital have joined the latest Series B round for on-demand travel service Lola, bringing the total in that investment to USD 25 million.

The initial announcement of a USD 15 million round came four weeks ago, in a deal from new investorCharles River Ventures.

CEO and co-founder Paul English says the top-up will be used to support its ongoing tech development and plans to expand into new markets.

GV and Tenaya both put in USD 5 million apiece.

The personal travel app, which is still only available for iOS and in the US, raised a USD 19.7 million Series A in April 2016 from General Catalyst and Accel, both of which joined the first element of the Series B round.

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TAGS: Lola | App | investment
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