27 Jan Dallas Based 5Miles Raises $30 million
Former Dallas New Tech presenter and Craigslist alternative 5Miles has raised $30 million from Dallas and Chinese investors. The news comes on the heels of $330 million in recent exits, solidifying the strength of the Dallas-Fort Worth startup economy.
“The app averages 30,000 downloads a day, and the company estimates its users sold about $1 billion in secondhand goods last year. More than 500 cars are sold on 5miles daily, [chief financial officer] Chan said. “We believe we’re one of the most active sellers of cars online.”
Congratulations to Lucas Lu and the team at 5Miles!