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DriverUp Drives Off With Series B Funding

Friday, September 25, 2015 5:18:00 AM PDT | VentureDeal
   Austin, Texas  --  Financial services technology company DriverUp has landed $20 million in its second round of institutional venture capital financing.

DriverUp has created an online marketplace that enables investors to directly participate in auto lending.

SF Capital Group led the round, which included previous investors RRE Ventures and Emerald Development Managers.

The company said it would use the funding to accelerate its product development, ramp-up marketing efforts and add marketplace alone inventory.

Company CEO Sam Ellis also founded the firm and is CEO of related finance company Sierra Auto Finance.

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