Friday, July 19, 2019

HyreCar Raises $10.5M In Public Offering

Los Angeles-based HyreCar, a publicly listed, carsharing marketplace operator (Nasdaq: HYRE), says it has priced an offering of 3.5M shares of its common stock, at $3.00 per share. The stock offering will provide the company gross proceeds of $10.5M, which it says it will use to expand sales and marketing, customer support, and technology investments to continue to grow its platform. HyreCar operates a car sharing marketplace which connects ride sharing drivers with fleet operators. HyreCar had a small IPO back in June of 2018.