BlaBlaCar raises $115 million

Carpooling company BlaBlaCar closed a $115 million financing round from FMZ Ventures, Otiva, and Vostok New Ventures, bringing its total funding to date to over $563 million.

The company also announced the acquisition of Ukrainian company Octobus , which develops a cloud service for coach operators to maintain sales and distribution, manage revenue and fleet, and improve key performance indicators.

Founded in 2006, BlaBlaCar is a community-based transport network of over 90 million members, who share ridesharing and bus rides in 22 countries.

It has a partnership in place with AXA in France to offer drivers carpooling protection for €2 per trip to cover deductible (up to €1,500), towing in the event of a breakdown or accident during a BlaBlaCar trip and guaranteed arrival at destination for all passengers in the vehicle. “The €2 will simply be deducted from the total amount you have to collect for your BlaBlaCar journey.”