Overview

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Acquisitions
2 Acquisitions
Total Equity Funding
$97M in 11 Rounds from 12 Investors
Headquarters:
San Francisco, CA
Description:
Turo offers car owners and travelers in the U.S. and Canada with a service to share vehicles by renting them.
Founders:
Categories:
Peer to Peer, Marketplace, Transportation
Website:
https://turo.com/
Social:

Company Details

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Founded:
2009
Aliases:
RelayRides
Contact:
+118667352901
Employees:
51 - 100 | 15 in Crunchbase

Turo is a car rental marketplace where travelers can rent any car they want, wherever they want it, from a nationwide 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 tens of thousands of car owners and hundreds of thousands of renters. 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.

Backed by top-tier investors, including August Capital, Google Ventures, Shasta Ventures, Canaan Partners, and Trinity Ventures, Turo is currently available in 2100+ cities and 300+ airports throughout the United States. With a talented, dedicated team, we’re changing the way people think about travel.

Funding Rounds (11) - $97M

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DateAmount / RoundValuationLead InvestorInvestors
Nov, 2015$47M / Series C1
Aug, 2014$10M / Series B2
Jun, 2014$2M / Seed0
Jun, 2014$25M / Series B4
Jan, 2013undisclosed amount / Series A4
Oct, 2011$3M / Series A4
Aug, 2011$3.6M / Series A3
Jun, 2011$1.25M / Series A3
Dec, 2010$4.5M / Series A2
Oct, 2010$50k / Seed1
Nov, 2009$600k / Angel1

Acquisitions (2)

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DateAcquiredAmount
Sep 3, 2015Unknown
May 14, 2013Unknown

Current Team (15)

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Competitors (11)

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  • Carma is a smartphone application that enables users to arrange carpool rides with the community.
  • The Carsharing Darenta is a peer-to-peer car rental marketplace connecting people who need to rent a private car with a vehicle owners
  • Fleety is a peer-to-peer car sharing marketplace that allows users to find cars in Brazil, contact the owners, and rent them for their use.
  • FlightCar inspires and enables local owners and visitors to come together to list and rent each other’s unique cars at airports nationwide.
  • First P2P car sharing network in Turkey
  • Getaround is a mobile application and a peer-to-peer car sharing marketplace that enables car owners to rent out their cars.
  • Lyft is reconnecting people and communities through better transportation.
  • Ridejoy is a market platform enabling users to share, offer, request and book rides with others.

Offices/Locations (2)

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  • Cambridge Office

    1035 Cambridge St. Suite 21B

    Cambridge, Massachusetts 02141

    United States

  • Headquarters

    116 Natoma St.

    San Francisco, CA 94105

    USA

Images (2)

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Videos (1)

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