Turo

company

About

Turo is a car sharing marketplace where guests can book any car they want.

  • 501 - 1000

Details

Last Funding Type
Series D
Last Funding Money Raised
$104M
Industries
Car Sharing,Marketplace,Peer to Peer,Recreational Vehicles,Transportation
Founded date
Jan 1, 2009
Number Of Employee
501 - 1000
Operating Status
Active

Turo is a car sharing marketplace where travelers can rent any car they want, wherever they want it, from a community of local car owners. Travelers choose from a unique selection of nearby cars, while car owners earn extra money and help fuel the adventures of travelers they meet along the way.

Since its national launch in March 2012, Turo has built a vibrant community of over 2 million owners and travelers. Owners are able to make hundreds – or even thousands – of dollars a month by simply and safely renting out their cars. From A3 to Z4, renters have access to an unparalleled selection of vehicles at prices up to 40% lower than other car rental options, while enjoying the convenience of renting cars where they’re needed: right in their own neighborhood, at the airport, and everywhere in between.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$134M
Turo has raised a total of $134M in funding over 2 rounds. Their latest funding was raised on Feb 5, 2020 from a Series E round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 5, 2020 Series E $30M 1 Allen & Company Detail
Sep 6, 2017 Series D $104M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
2
Turo is funded by 2 investors. Allen & Company and Mercedes-Benz Group AG are the most recent investors.
Investor Name Lead Investor Funding Round
Allen & Company Yes Series E
Mercedes-Benz Group AG Series D