Limos.com revealed Austin Ventures has enriched its coffers with a $10 million funding round, which Limos.com will use for a corporate travel solution, launching new mobile products and international expansion.
In tandem with the funding, Limos.com rolled out Limos.com for Business, a self-booking tool for corporate employees with functionality for travel managers.
“We estimate that companies overpay by at least 40% on car services when they don’t book with local suppliers,” says T.J. Clark, president and CEO of Limos.com.
In addition to the corporate push, Limos.com is rolling out new mobile products and hopes to use the new funding to accelerate expansion internationally, Clark says.
In 2010, Limos.com expanded into China, India and South America, the company says.
Limos.com’s original funding of $5 million came from Canal Partners.
With the funding, Austin Ventures partners Mike Dodd and John Thornton takes seats on the Limos.com board of directors.
Overpaying by 40%?? Good to know. Next time I will look into shopping local.