About Luxe
Luxe is a Transportation, Automotive & Logistics company based in San Francisco (United States) founded in 2013, and was acquired by Volvo in September 2017. Valet parking services are booked via a mobile app. Luxe has raised $75.5 million across 3 funding rounds from investors including Lightspeed Venture Partners, Hertz and Foundation Capital. Luxe offers products and services including Jasa Suntik RTP. Its focus areas include Consumer, Road Transport Tech, Parking and Valet. Its competitors include DropCar, Valet Anywhere and CurbStand; 2 of its 3 listed competitors have raised funding.
Company details
Luxe offers an app-based solution for valet parking services. Users can book the valets by proving details such as drop off location and time. The valet arrives at the mentioned location and drives to the parking spaces. Also, they deliver the vehicles to the user requested drop off location. It also offers additional services such as fueling, car wash, and more. Claims to offer complimentary insurance along with its services. The mobile app is available for iOS and Android platforms.
- Total Equity Funding$75.5M (USD)
in 3 rounds
- Latest Funding Round$50M (USD), Series B
Apr 2016
- InvestorsLightspeed Venture Partners
& 13 more
- Acquired byVolvo
(Sep 2017)
Products & Services of Luxe
Luxe offers a comprehensive portfolio of products and services, including Jasa Suntik RTP.
Service that increases RTP in online slot games for higher player winning potential.
Funding Insights of Luxe
Luxe has successfully raised a total of $75.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in April 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $75.5M
- Total Rounds 3
- Last Round Series B — $50M
- First Round $5.5M
(Oct 2014)
- Investors Count 13
All 3 funding rounds of Luxe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2016 | $50M | Series B | – | Hertz | |
| Feb 2015 | $20M | Series A | – | Venrock, Redpoint Ventures | |
| Oct 2014 | $5.5M | Seed | – | – |
14 investors in total: 14 institutional.
Investors in Luxe
Luxe has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Hertz and Foundation Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Redpoint Ventures is engaged in venture capital investments. | redpoint.com | Woodside, United States | ||
Venture capital firm focused on tech sectors | venrock.com | Palo Alto, United States | ||
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Venture capital firm focused on multiple sectors | dcvc.com | Palo Alto, United States | ||
US focused seed and early-stage VC firm | eniac.vc | San Francisco, United States | ||
Early-stage US companies are invested in by Rothenberg Ventures. | rothenbergventures.com | San Francisco, United States | ||
Early-stage tech investments are made primarily in US companies. | slow.co | New York, United States | ||
Venture capital funding is provided to early-stage companies. | upfront.com | Los Angeles, United States | ||
Corporate backed venture capital fund investing in multiple sectors | gv.com | Mountain View, United States |
Investor details for Luxe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Luxe
132 people are tracked at Luxe (67 in leadership, 10 in board & advisors, 55 in team).
| Name | Role | Group |
|---|---|---|
Céline Domecq | Director Government Affairs - Head Of Volvo Car EU Office | Leadership |
Gretchen Saegh-Fleming | Head of Global Customer Experience & Marketing | Leadership |
Raza Uddin | Head Of Charging And Energy Management, Americas | Leadership |
Ilona Siemion | Head Of Global Learning & Development (retail Operations) | Leadership |
Paulo Pragana | Business & Retailer Development Director | Leadership |
Michael Fleiss | Chief Strategy and Product Officer | Leadership |
Martin Kristensson | Head Of Product Strategy & Definition | Leadership |
Håkan Samuelsson | CEO | Leadership |
Claeys Koen | Global Director Procurement Plant Team | Leadership |
Rafael Ugo | Head Of Marketing At Volvo Cars USA & Canada | Leadership |
Oscar Bertilsson Olsborg | Head Of Global Commercial Operations Functions | Leadership |
Björn Annwall | Chief Commercial Officer & Deputy CEO | Leadership |
Xiaolin Yuan | President, APAC | Leadership |
Helen Hu | General Counsel & Chief Corporate Affairs Officer, Volvo Car Group | Leadership |
Luciano F. | Legal Director | Leadership |
Anna Wibring | Head Of Governance, Risk & Compliance | Leadership |
Arek Nowinski | President, EMEA | Leadership |
Erik Severinson | Chief Commercial Officer (cco) | Leadership |
Magnus Olsson | Vice President And Plant Manager | Leadership |
Emelie Öhrstig | Vp, Head Of Lifecycle (e.g Model Year Programs, Software Products & Offers Programs) | Leadership |
112 more people are available in the full profile.
Complete people profiles for Luxe
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Luxe
4 dated milestones of Luxe across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Luxe is founded.
- Funding First funding round of $5.5M.
- Funding Latest funding round, Series B, of $50.0M.
- Exit Acquired by Volvo.
Competitors of Luxe
Luxe has 3 listed competitors in our database, 2 of them funded. They include DropCar, Valet Anywhere and CurbStand.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| drop.car | 2015 | New York, United States | Parking spots are reserved via an app-based booking platform. | |||
| valetanywhere.com | 2014 | New York, United States | $1.47M | On-demand valet parking is facilitated via a mobile application. | ||
| curbstand.com | 2013 | Los Angeles, United States | $4M | Payment for parking tickets and valet through wallet |
Detailed competitors of Luxe
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Road Transport Tech
3 companies that operate in the same segment as Luxe (Road Transport Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An online platform providing ride-hailing and food delivery services | 2009 | San Francisco, California, United States | USD 13.21 B | USD 52.02 B | 34,000 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 |
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Related news about Luxe
Complete news archive for Luxe
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Frequently Asked Questions about Luxe
Luxe was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Luxe is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Luxe is a funded company, having raised a total of $75.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Oct 2014.
Luxe offers an app-based solution for valet parking services. Users can book the valets by proving details such as drop off location and time. The valet arrives at the mentioned location and drives to the parking spaces. Also, they deliver the vehicles to the user requested drop off location. It also offers additional services such as fueling, car wash, and more. Claims to offer complimentary insurance along with its services. The mobile app is available for iOS and Android platforms.
Luxe's top competitors include DropCar, CurbStand and Valet Anywhere.
Luxe offers Jasa Suntik RTP.
Luxe has 14 investors. Key investors include Lightspeed Venture Partners, Hertz, Foundation Capital, Redpoint Ventures, and Venrock.
Yes. Luxe was acquired by Volvo in September 2017.