Startup transportation company, Bridj, shuts down

BOSTON — The Boston Globe reports that Bridj, a Boston startup that tried to merge the ease of hailing an Uber with the efficiency of commuter vans, abruptly shut down this weekend after funding talks fell apart.

According to Bridj’s CEO Matthew George, the company had been in extended negotiations with a car manufacturer, when “clear skies” turned into a “hurricane in about 24 hours.”

George said that financing from the car company would have given Bridj a big vote of confidence among investors and helped it to raise additional money. Bridj has about 50 employees and had raised $11 million from investors. For the full story, click here.