Wednesday, July 9, 2008

DriverSide is the first Web site specifically designed for automobile owners got VCs funding

What Company Is Offering:

DriverSide is the first Web site specifically designed for automobile owners. Funded by Catamount Ventures, DriverSide allows consumers to save money on servicing and maintenance costs as well as buy and sell automobiles. With an in-house editorial staff, DriverSide offers useful advice on how to own and operate a vehicle as well as reviews on new and used automobiles. DriverSide's social networking capabilities allow consumers to participate in forums, meet other owners of a particular vehicle, share knowledge, and post reviews on mechanics and dealers.

How Much They Got From VCs:

DriverSide, the first full service Web site dedicated to saving consumers time and money by making the ownership or lease of an automobile hassle-free, announced today its newest board members Jeff Bell and Mark Silverman. In addition, the company announces its first round of funding led by Catamount Ventures. Catamount's innovative portfolio includes; Café   Press, Second Life (Linden Labs,) Flock, Grid Net, Seventh Generation and Verdiem. Launched in early June 2008, DriverSide brings together in a single Web site every available car and truck-related resource, and makes it convenient, easy and free.

Bell spent 17 years in the automotive industry before joining Microsoft in 2006. He is largely credited for helping to turn around the Dodge, Jeep and Chrysler brands during his tenure at DaimlerChrysler. Bell led the launch of the Dodge "Grab Life by the Horns" and Hemi campaigns, the Chrysler 300, and the Jeep 4-door Wrangler. During his tenure, was named the #1 website by J.D. Powers, and Bell's team was named 2005 Interactive Marketer of the Year by Advertising Age for work in video games and webisodes. Before Chrysler he spent a decade at Ford Motor Company.


No comments: