Turo
Latest round
- Series E
Last raised
- Feb 2020
Total raised
- $220M
Investors
- 15
About Turo
, fka RelayRides is an online marketplace platform-based company that offers a car and truck sharing service to its users.98% minority stake in Turo, Inc.5 million. The transaction was completed later that month. Turo is a peer-to-peer car sharing marketplace that allows users to rent vehicles directly from local hosts, bypassing traditional rental counters. Through its app-based platform, Turo offers access to over 1,600 unique makes and models, with pickup options including airport delivery, remote handoffs, and home drop-offs. Turo’s model empowers small businesses and individuals to monetize their vehicles while providing renters with personalized, convenient, and diverse car rental experiences. Turo generates revenue primarily through a commission-based model, taking 10–40% of each rental transaction depending on the host’s chosen protection plan. It also earns from trip fees charged to renters, insurance packages for both hosts and guests, and additional charges like late returns, excess mileage, and cleaning fees.
Who invested in Turo
15 investors across 8 rounds
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Funding rounds
Series E
Feb 5, 2020
Amount
$30M
Investors
Series D
Mar 13, 2018
Amount
$5M
Investors
Series D
Jul 21, 2017
Amount
$92M
Investors
Series C
Aug 18, 2015
Amount
$47M
Investors
Series B
Jun 24, 2014
Amount
$35M
Investors
Series A
Sep 10, 2013
Amount
$3M
Investors
Series A
Jul 7, 2011
Amount
$3.6M
Investors
Series A
Dec 14, 2010
Amount
$5.1M
Investors
Questions about Turo
Who invested in Turo?
Turo has 15 investors on record across 8 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Turo raised?
Turo has raised 8 venture rounds. Sign up free to see how much each round raised and the total.
When did Turo last raise money?
Turo's most recent round on record is a Series E, in Feb 2020.
What does Turo do?
, fka RelayRides is an online marketplace platform-based company that offers a car and truck sharing service to its users.
Where is Turo headquartered?
Turo is headquartered in San Francisco, US.
Which VCs invest in companies like Turo?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Turo's stage. Their profiles are linked below.
VCs backing internet startups at Series E
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