Luxe raises $50 mln Series B funding, led by Hertz

Luxe, the San Francisco provider of on-demand valet-parking and other car services, closed $50 million of financing, a Series B round led by Hertz Global Holdings and joined by current investors Redpoint Ventures and Venrock. As part of the financing, Hertz President and CEO John P. Tague will join Luxe’s board. Luxe will use the financing to build out its services to other major urban areas, Tague said in a statement from Luxe. The company currently operates in currently operates in six major U.S. cities: Austin, Texas; Chicago, Los Angeles, New York, San Francisco and Seattle.

Briefs