Luxe sees valuation more than double with $50M Series B
April 08, 2016
On-demand valet parking and car services company Luxe has secured a $50 million Series B round led by Hertz Global Holdings. As part of the funding, Hertz president and CEO John P. Tague will join the company’s Board of Directors. This news is somewhat timely, as a couple months ago competitor ZIRX announced it would be shutting down its consumer valet service and refocusing on its enterprise business. Luxe previously raised a $20 million Series A in February 2015, valuing the company at $70 million.