Austin's RideScout collects new financing

Feb 24, 2014
Austin Business Journal


RideScout LLC has reported raising $1.5 million of a planned $2.7 million financing


The Austin-based transportation app maker, which operates the RideScout mobile app, collected the capital from 70 investors, according to a Thursday filing with the U.S. Securities and Exchange Commission


The filing, listed under the company’s previous name, GoingMyWay, is an update to a 2012 filing in which RideScout reported receiving nearly $343,000 from 21 investors


CEO Joseph Kopser said the investment capital will be used to launch RideScout in additional cities such as Houston, San Francisco, New York City and Boston


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