Capital raised: $75 million
Peak valuation: More than $110 million
Things were not looking good this year for Luxe, a startup that offered valet parking on demand. The company shut down its app in April, just after purchasing several parking garages, which temporarily transformed it into a more traditional valet service.
With promises of a major product pivot, as well as acquisition rumors from companies such as Uber, Luxe kept interested parties on their toes before getting acquired by the Swedish automaker Volvo in September.
Though Volvo and Luxe didn't disclose the terms of the deal, the acquisition undoubtedly pleased investors, who had put $75 million into Luxe.