In a bid to enter new global markets and capitalise on the growing demand for alternative models of car ownership, Sydney-based car subscription software company Loopit has raised $3.6 million in a seed funding round led by Tidal Ventures.
The raise, which also saw participation from Upswell Ventures and Luxem, will also be used to bolster the company’s headcount and fund further development of its tech offering.
Loopit co-founder and managing director Michael Higgins says the move toward more flexible car ownership alternatives has never been greater.
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