BlaBlaCar, a long distance ride-sharing network, has announced a $100 million Series C investment round led by Index Ventures, with participation from existing investors Accel Partners, ISAI and Lead Edge Capital. With over 8 million members in 12 countries, the Paris-headquartered company offers a way to travel from city to city based on wasted capacity in cars (i.e. empty seats), providing an alternative to trains, planes and long haul coaches. By matching people looking to travel long distances with drivers seeking to share the cost of their journeys, BlaBlaCar is making ground transport more efficient and affordable.
Since 2012, the company has expanded from France into 11 countries, including Germany, where it surpassed 1 million members just one year after launch. It will use the new capital to continue expanding into new markets. As part of the transaction, Index Ventures' Dominique Vidal will join BlaBlaCar's Board of Directors.