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Turo

An online peer-to-peer car sharing marketplace where vehicle owners, called hosts, rent their cars to guests. The company was incorporated as RelayRides and adopted its current name in 2015.

Mobility & logisticsPeer-to-peer car sharing marketplaceSan Francisco, United States
Contact us on WhatsApp (opens in a new tab)turo.com (opens in a new tab)
FoundersSince 2009
Valuation
$1.3B
Total raised
$488M
Last round · Feb 2023
Credit facility
Founded
2009
Employees
973
Quarters in VP50
6

In VP50

  1. Q4 2023: #25
  2. Q1 2024: #25
  3. Q2 2024: #38
  4. Q3 2024: #35
  5. Q4 2024: #45
  6. Q1 2025: no place
  7. Q2 2025: no place
  8. Q3 2025: no place
  9. Q4 2025: no place
  10. Q1 2026: no place
  11. Q2 2026: no place
  12. Q3 2026: no place
  13. Q4 2026: no place

Place by quarter since Q4 2023. Best place #25, held for two quarters in a row.

Funding rounds

DateRound · leadRaisedValuation
Feb 6, 2023Credit facility · Citibank, N.A., JPMorgan Chase Bank, N.A.$100M—
Feb 2020Series E extension$30M—
Jul 17, 2019Series E · IAC$250M$1.3B
Sep 6, 2017Series D · Daimler, SK Holdings$92M—
Nov 3, 2015Series C · Kleiner Perkins Caufield & Byers$47M—
Aug 12, 2014Series B extension · Trinity Ventures$10M—
Jun 24, 2014Series B · Canaan Partners$25M—
Oct 26, 2011Series A extension · General Motors Ventures$3M—
Aug 17, 2011Series A-2$10M—
Dec 14, 2010Series A——

Team

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Applied Intuition

Turo | Venture Place