Luxe Valet Raises $20M

Luxe Valet, the on-demand valet parking app provider which launched into LA in January, has reportedly raised $20M in a new financing. The funding came from Redpoint and Venrock, and also included the company's prior investors, including Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Foundation Capital, and Data Collective, according to the report. Luxe Valet is also backed by LA's Upfront Ventures, which was not mentioned in the report.