A Nashville startup has some fresh cash to spend — and could have more on the way.
Yoshi Inc. has raised $25.7 million in a new equity offering, according to a U.S. Security and Exchange Commission filing.
The raise, which included seven investors, is part of a $40.7 million offering.
It’s unclear what the funds will be used for. Yoshi CEO Bryan Frist declined to comment.
Founded in 2015 as a gas delivery company, Yoshi moved its headquarters from Silicon Valley to Nashville at the beginning of 2021. The company currently offers a range of vehicle services to customers in 15 states, according to a June news release.
Last month, the company partnered with car-sharing service Turo to offer virtual vehicle inspections.
As of June, the company had raised more than $46 million, according to the release, and its investors include Bridgestone Americas, ExxonMobil, NBA player Kevin Durant and more.
