Total Funding
78
66
Total FundingPost-IPO Equity raised
Growth Score
-14 pts
Heat Score
-8 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
Recent Milestones
Raised Funding Round
Jan 1, 1970
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Socar is a Korean eco-friendly car sharing community that allows travelers to share cars with others who are traveling the same route.
Yunjung An: Financial Planning Manager
DaeHyun Kim: System Engineer
About the Company
Socar is a Korean eco-friendly car sharing community that allows travelers to share cars with others who are traveling the same route.
Socar has raised an $18 million round of funding in 2015 which was one of the highest funding deals for a South Korean startup to date. Most notably, it was led by a US investor: Bain Capital, a private investment
firm with $80 billion in assets under management.
Socar was founded in March 2012, and it has a website and smartphone apps that let users book cars for their own use. Service has over 1,700,000 registered users, 50,000 of whom use the service each month. Around 80,000 transactions per month — that’s more than one car booking each 30 seconds.
