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

Turo Valuation: $1B After the Jul 2019 IAC strategic investment

Private

Turo was last valued at $1B. It comes from the $250M IAC strategic investment of Jul 2019. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Turo valuation · at a glance
Last valuation
$1B
JUL 2019
Lead investors
11
across 8 rounds
Raised across rounds
$518.5M
8 rounds
Date of last round
Feb 2020
closed 1 Feb 2020
Valuation history

How the Turo valuation has moved

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 rounds

Turo rounds and the valuation each one set

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

What the $1B actually measures

A private valuation is the price agreed in one transaction. The Turo valuation of $1B is a private-market figure from the IAC strategic investment dated 1 Jul 2019 .

The valuation holds until the next priced round or secondary sale. A private company founded in 2009 with roughly 931 people has no daily price and no order book between rounds.

Where the $1B comes from
EventIAC strategic investment, dated 1 Jul 2019
Round size$250M
LeadIAC Inc.

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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