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TURO
Turo
Peer-to-peer car rental marketplace ยท United States ยท Founded ยท 2009 ยท โ‰ˆ ยท 931 ยท employees

Turo Funding โ€” Last Valued at $1B

Private

Turo has raised $518.5M across 8 funding rounds. The company is valued at $1B.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Turo funding ยท at a glance
Total raised, all rounds
$518.5M
sum of disclosed sizes
Funding rounds
8
priced rounds
Latest round
Feb 2020
Series E extension
Lead on that event
Manhattan Venture Partners
lead investor
2020
About Turo

RelayRides raised $52.5 million between 2010 and 2014 from investors including Canaan Partners, August Capital, Google Ventures, Shasta Ventures and Trinity Ventures. In July 2019, IAC invested $250 million in the renamed Turo, a deal valuing the company at more than $1 billion and making IAC its largest shareholder.

Funding timeline

The Turo funding timeline

8 funding rounds, the latest highlighted.

2009
Turo founded

Turo was founded in 2009, United States.

JUN 2014
Series B

August Capital, Google Ventures, Shasta Ventures. $25M raised, led by Canaan Partners.

Valuation basisโ€”Amount$25MPrice / shareโ€”LeadCanaan Partners
AUG 2014
Series B extension

A primary round โ€” the company sells new shares to investors it selects. $10M raised, led by Trinity Ventures.

Valuation basisโ€”Amount$10MPrice / shareโ€”LeadTrinity Ventures
DEC 2014
Cumulative venture funding as RelayRides (2010-2014)

Aggregate across several rounds. $52.5M raised, led by Canaan Partners, August Capital, Google Ventures, Shasta Ventures, Trinity Ventures.

Valuation basisโ€”Amount$52.5MPrice / shareโ€”LeadCanaan Partners, August Capital, Google Ventures, Shasta Ventures, Trinity Ventures
NOV 2015
Series C

August Capital, Canaan Partners, Google Ventures, Shasta Ventures, Trinity Ventures. $47M raised, led by Kleiner Perkins.

Valuation basisโ€”Amount$47MPrice / shareโ€”LeadKleiner Perkins
SEP 2017
Series D

Liberty Mutual Strategic Ventures, Founders Circle Capital, August Capital, Canaan Partners, Kleiner Perkins, GV, Trinity Ventures, Shasta Ventures. $92M raised, led by Daimler, SK Holdings.

Valuation basisโ€”Amount$92MPrice / shareโ€”LeadDaimler, SK Holdings
APR 2018
Series D extension

A primary round โ€” the company sells new shares to investors it selects. $12M raised.

Valuation basisโ€”Amount$12MPrice / shareโ€”Leadโ€”
JUL 2019

The investment made IAC Turo's largest shareholder (31% owner as of 2023).. $250M raised, led by IAC Inc..

Valuation basisโ€”Amount$250MPrice / shareโ€”LeadIAC Inc.
FEB 2020LATEST
Series E extension

A primary round โ€” the company sells new shares to investors it selects. $30M raised, led by Manhattan Venture Partners, Allen & Company.

Valuation basisโ€”Amount$30MPrice / shareโ€”LeadManhattan Venture Partners, Allen & Company
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Turo funding rounds in full

8 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series E extension LATEST
Feb 2020
$30M
โ€”
โ€”
Manhattan Venture Partners, Allen & Company
โ€”
IAC strategic investment
Jul 2019
$250M
$1B
โ€”
IAC Inc.
The investment made IAC Turo's largest shareholder (31% owner as of 2023).
Series D extension
Apr 2018
$12M
โ€”
โ€”
โ€”
โ€”
Series D
Sep 2017
$92M
โ€”
โ€”
Daimler, SK Holdings
Liberty Mutual Strategic Ventures, Founders Circle Capital, August Capital, Canaan Partners, Kleiner Perkins, GV, Trinity Ventures, Shasta Ventures
Series C
Nov 2015
$47M
โ€”
โ€”
Kleiner Perkins
August Capital, Canaan Partners, Google Ventures, Shasta Ventures, Trinity Ventures
Cumulative venture funding as RelayRides (2010-2014)
Dec 2014
$52.5M
โ€”
โ€”
Canaan Partners, August Capital, Google Ventures, Shasta Ventures, Trinity Ventures
aggregate across several rounds
Series B extension
Aug 2014
$10M
โ€”
โ€”
Trinity Ventures
โ€”
Series B
Jun 2014
$25M
โ€”
โ€”
Canaan Partners
August Capital, Google Ventures, Shasta Ventures
Turo ยท investors

Investors

MManhattan Venture PartnersLEADAAllen & CompanyLEADIIAC Inc.LEADDDaimlerLEADSSK HoldingsLEADKleiner PerkinsLEADCanaan PartnersLEADAugust CapitalLEADGoogle VenturesLEADSShasta VenturesLEADTrinity VenturesLEAD

Frequently asked questions

Who has invested in Turo?โ€บ

Lead investors for each round are in the funding timeline.

Who are Turo's competitors?โ€บ

The closest peer-to-peer car rental marketplace peers are on the competitors page.

How can I get exposure to Turo?โ€บ

The routes section explains what is realistically available for a company at this stage.

Is Turo publicly traded?โ€บ

No. Turo is a private company; its shares do not trade on a public exchange.

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