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TURO
Turo
Peer-to-peer car rental marketplace · United States · Founded · 2009 · ≈ · 931 · employees

Turo: Company Profile & Valuation

Private

Turo, headquartered in United States, remains privately held in the peer-to-peer car rental marketplace space. Investors last valued the company at $1B. The stock is not listed on any public market.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Turo at a glance
Last valuation
$1B
JUL 2019
Raised across rounds
$518.5M
8 rounds
IPO status
Private
no listing announced
Nearest Canborsa market
AMZN—
AMZN-PERP · live
Valuation history

Turo valuation history

1 valuation. The latest, $1B, was set by the IAC strategic investment in Jul 2019.

Latest valuation
Set by the IAC strategic investment · 1 Jul 2019
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The IAC strategic investment · $250M raised
Funding history

Turo funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series B
Jun 2014
$25M
—
Canaan Partners
—
Series B extension
Aug 2014
$10M
—
Trinity Ventures
—
Cumulative venture funding as RelayRides (2010-2014)
Dec 2014
$52.5M
—
Canaan Partners, August Capital, Google Ventures, Shasta Ventures, Trinity Ventures
—
Series C
Nov 2015
$47M
—
Kleiner Perkins
—
Series D
Sep 2017
$92M
—
Daimler, SK Holdings
—
Series D extension
Apr 2018
$12M
—
—
—
IAC strategic investment
Jul 2019
$250M
$1B
IAC Inc.
—
Series E extension
Feb 2020
$30M
—
Manhattan Venture Partners, Allen & Company
—
Turo · investors

Investors

MManhattan Venture PartnersLEADAAllen & CompanyLEADIIAC Inc.LEADDDaimlerLEADSSK HoldingsLEADKleiner PerkinsLEADCanaan PartnersLEADAugust CapitalLEADGoogle VenturesLEADSShasta VenturesLEADTrinity VenturesLEAD
Will Turo IPO?
Founded
2009
Jun 2014
Series B
Feb 2020
Series E extension
IPO
Not announced
No filing has been made.
Turo — the private market
Last valuation$1B · Jul 2019
Total raised$518.5M
Lead investors
Manhattan Venture PartnersAllen & CompanyIAC Inc.Daimler
IPO statusNot announced
Founded · HQ2009 · United States
Employees≈ 931
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Turo

Turo launched as RelayRides in Boston in June 2010 before rebranding to Turo in November 2015 to reflect its shift from short-term car sharing to daily and longer rentals. Now based in San Francisco, it runs a peer-to-peer marketplace where private car owners list their vehicles for renters through an online and mobile app.

Turo operates in the United States, Canada, the United Kingdom, Australia and France, and as of March 2024 the site listed 360,000 active vehicles, none of them owned by the company itself.

The money screen · ranked by accessibility

How to get Turo exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Turo.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Turo availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Turo included.

No account needed

Turo stock — frequently asked questions

Who has invested in Turo?›

Lead investors for each round are in the funding timeline.

Who are Turo's competitors?›

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

How can I get exposure to Turo?›

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

Is Turo publicly traded?›

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

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