Global law firm Reed Smith today announced that it advised Fluid Truck, the truck sharing platform for businesses, on its $63 million Series A round of funding. The round was led by Bison Capital, with participation from Ingka Investments (part of Ingka Group, the main IKEA retailer), Sumitomo Corporation of Americas, and Fluid Vehicle Owners.
Fluid delivers software and services that empower businesses to affordably and flexibly manage a fleet without the overhead. The Fluid Truck sharing platform offers 24/7 mobile access to a wide array of commercial trucks and vans available for pick-up in minutes.
The cross-practice and cross-office Reed Smith team advising Fluid was led by Silicon Valley-based corporate partner Craig Lilly and New York-based finance counsel Daniel Philion, and included corporate associates Cheryl Ho and Haig Siranosian, based in San Francisco and Los Angeles, respectively.
A copy of the press release issued by Fluid Truck can be found at prnewswire.com.