Title: Big news, and a word from our CEO
We’ve got some fantastic news! I’d spell it all out here, but, well, maybe I should let the New York Times, Wall Street Journal, VentureBeat and TechCrunch do it instead:The New York Times Limos.com Raises $10 Million from Austin Ventures The Wall Street Journal Online Amid Talent War, Limos.com Tries “Speed Hiring” VentureBeat Limos.com lands $10M for swanky online limo services TechCrunch Limos.com Scores $10 Million For Online Limo And Car Services Marketplace
We here at Limos.com LLC are all incredibly excited for the next year and all the amazing things coming.
On that note, here’s a word from our CEO, TJ Clark:
Three years ago, the founders of Hotwire.com saw an opportunity to do for ground transportation what they had very successfully done for air travel at one of the hottest start-ups of the Internet boom – bring a highly fragmented, offline industry to the web and use technology to create an efficient, transparent marketplace that benefits both consumers and suppliers.
We’ve preferred to stay under the radar and build our business. And there was a lot to do. The ground transportation industry is a $36 billion market in the U.S. alone ($17B private car; $19B taxi) with more than 8,000 suppliers and no central inventory or booking system. More than 95% of car service bookings are still made by phone, and customers have no easy way to compare prices and providers. In fact, many consumers don’t even realize there are multiple independent
providers of reliable limo and town car service in their city who are willing to compete for their business with lower prices.
We’ve quietly gone market to market throughout the world and connected thousands of pre-screened, licensed and insured suppliers to our marketplace. We’ve built a following of 1.7 million registered users and over 500K monthly visitors while tripling revenue over the past three years and being profitable since day one. Today Limos.com is the largest online comparison shopping marketplace for limo and car services worldwide.
So we’re excited to announce we’ve received $10 million in financing from private equity firm Austin Ventures. We’ll use this fresh capital infusion to continue improving Limos.com for consumers and corporate travelers, as well as our supplier partners.
Our pedal is to the metal, and you’ll be hearing a lot more from Limos.com this year. Whether you’re planning a wedding or traveling for business, join us for the ride…
— T.J. Clark, Limos.com CEO