Technology

Rental Limo Receives $3.3 Million Valuation

Posted on August 15, 2014

Rental Limo was founded in 2013 by (L to R) CEO Ryan Hilberth, Executive Account Director Brian Gaputis, and CTO Keith Gaputis. 
Rental Limo was founded in 2013 by (L to R) CEO Ryan Hilberth, Executive Account Director Brian Gaputis, and CTO Keith Gaputis. 

ST. PETERSBURG, Fla. — Rental Limo, a nationwide chauffeured transportation booking service and limo technology provider, announced today it raised private capital in exchange for a minority share of equity in the company to the tune of a $3.3 million valuation.

“The initial round of funding we raised for Rental Limo will help us speed up our growth tremendously,” CEO Ryan Hilberth said. “This sends a message to everyone that Rental Limo is here to stay and that there’s plenty more progress and innovation coming soon.”

With the new funding, Rental Limo will be able to grow brand awareness and expand its product offerings to limousine companies. The company will also broaden its geographic focus in the U.S. to service more cities and states nationwide.

Since the company launched in 2013, Rental Limo has grown to provide services to 60 different limo companies across the U.S. The company’s main website, www.rentalimo.com, lets customers browse, compare, and book chauffeured ground transportation and select from a variety of vehicles. Customers can access a mobile version of the site on m.rentalimo.com using smart phones.

Its latest technology release, known as Book.limo, lets limo operators embed the Rental Limo 3-step reservation process directly onto their  company websites in minutes. “Customers love our 3-step booking process,” Hilberth said. “So we decided to extend our technology to limousine operators in order to use a white-label version of the Rental Limo reservation system on their own company website.”

Book.limo is a division of Rental Limo LLC.

Source: Rental Limo

Background LCT feature: Rental Limo Puts Operators First For Online Bookings

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