Car next Door

Car Next Door - a community car sharing business and app - founded by Will Davies - has been sold to UBER for far North of the last  $50m round .

Having started up 10 years ago - and being showcased on Shark Tank, where Steve Baxter invested $300k , the business has raised circa $35m feom the likes of  @wayne  Baskin, Steve Baxter, Liberman, Nab Ventures and has been chaired by Trevor Folsom.

A great exit for investors - and a great opportunity for Will to scale on steroids! 

Uber will have the opportunity to offer its subscribers an opportunity to catch an UBER or use “the car next door”

Great post by Trevor Folsom

What a ride!

Congratulations Will Davies  David Trumbull  and the Car Next Door team.

It’s been a wonderful journey so far and to have Uber now partner the next phase of growth will be exciting for the founders and the broader team and car owners + customers.

For me, the learning and stories to share have been plentiful. I am so massively impressed by all involved and will over time share these learnings and recognise those involved. We have all experienced so many highs and lows over the past 7yrs.

Pleasure to share the experience with an impressive board in Michael Rosenbaum  Wayne Baskin  Chris Miller  John Kett  John Phillips and incredible investors/advisors like Creel Price  Steve Baxter Berge der Sarkissian and our wider Club Investible   

We always talk about backing good founders that are good humans first. We also compare the journey of a startup much like that of a mountain climber, trying to challenge themselves. We all aspire to get to the top but most times it’s getting off the mountain that is where the danger can lie and many have difficulty in getting off the mountain.

In this case, great leadership of the founders and executive team has allowed the brave and early backers to get off the mountain and now the team and founders will have other mountains to concur (& achieve their ultimate vision). 

Its going to be another great ride as this time they will climb with their own experiences and a great global partner in Uber to help guide and Sherpa the adventure

A great article to read below about the journey ….check it out! Thanks 🌏 Franko Ali 

 #admiration  #founders #startup #leadership #learning #experience

From Michael Rosenbaum

Delighted for the entire Car Next Door  team on the exciting announcement today that they have been acquired by and are joining the Uber family!

Will Davies & David Trumbull are 2 of the most tenacious guys I know, and have built CND with authenticity and environmental sustainability at the core of the company.

It's been a lot of fun to be a small part of the journey, with CND being my 1st NED board role in 2016. Proud to have been an early investor in the business.

Excited to see the next evolution of the business and to see the team carry out their vision in this new turbocharged vehicle! 

Thanks to Trevor Folsom, Wayne Baskin, Will, Dave, Hyundai Motor Company and Ampol Australia who have been a terrific board over the past 6 years. I’ve learnt a lot from you guys.