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

Turo Funding — 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 · at a glance
Total raised, all rounds
$518.5M
sum of disclosed sizes
Funding rounds
8
priced rounds
Latest round
Feb 2020
Feb 2020
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 basisAmount$25MPrice / shareLeadCanaan Partners
AUG 2014
Series B extension

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

Valuation basisAmount$10MPrice / shareLeadTrinity 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 basisAmount$52.5MPrice / shareLeadCanaan 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 basisAmount$47MPrice / shareLeadKleiner 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 basisAmount$92MPrice / shareLeadDaimler, SK Holdings
APR 2018
Series D extension

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

Valuation basisAmount$12MPrice / shareLead
JUL 2019

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

Valuation basisAmount$250MPrice / shareLeadIAC Inc.
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
—
—
Manhattan Venture Partners, Allen & Company
—
IAC strategic investment
Jul 2019
$250M
$1B
—
IAC Inc.
The investment made IAC Turo's largest shareholder (31% owner as of 2023).
Series D extension
Apr 2018
$12M
—
—
—
—
Series D
Sep 2017
$92M
—
—
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
—
—
Kleiner Perkins
August Capital, Canaan Partners, Google Ventures, Shasta Ventures, Trinity Ventures
Cumulative venture funding as RelayRides (2010-2014)
Dec 2014
$52.5M
—
—
Canaan Partners, August Capital, Google Ventures, Shasta Ventures, Trinity Ventures
aggregate across several rounds
Series B extension
Aug 2014
$10M
—
—
Trinity Ventures
—
Series B
Jun 2014
$25M
—
—
Canaan Partners
August Capital, Google Ventures, Shasta Ventures
Turo · investors

Investors

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

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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