Getaround was founded in 2009 by Elliot Kroo, Jessica Scorpio, and Sam Zaid. In 2021, Reuters reported that the company was engaged in talks with special purpose acquisition company Altitude Acquisition Corp, suggesting that the company has plans to go public through a SPAC rather than an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Getaround is a carsharing service that allows users to rent out their cars to others. The company states that they are "currently in 300 cities and 7 countries with 5 million users and 1000+ car models." The company rebounded quickly from lockdowns as people continued to avoid public transportation and traditional rideshare services. According to a company press release, Getaround raised $160 million in its most recent round of funding, bringing their total funding close to $600 million. Investors include PeopleFund, Reinvent Capital, Pennant Investors, and SoftBank Vision Fund. A round of four new executive hires coincided with the successful round of funding. In 2019, the company acquired Drivy, Europe's primary carshare provider, and Nabobil.no, a Norwegian carshare service. The company has been valued at $1.9 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/14/2020 | Series E-2 | $14,323.00 | $xx.xx | $990.8MM | Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id | |
Price per Share
$xx.xx
Shares Outstanding
14,322,917
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id
|
||||||
10/14/2020 | Series E-3 | $17,830.00 | $xx.xx | $990.8MM | Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id | |
Price per Share
$xx.xx
Shares Outstanding
17,829,563
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id
|
||||||
10/14/2020 | Series E | $57.21MM | $xx.xx | $990.8MM | Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id | |
Price per Share
$xx.xx
Shares Outstanding
14,898,627
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id
|
||||||
10/14/2020 | Series E-1 | $68.47MM | $xx.xx | $990.8MM | Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id | |
Price per Share
$xx.xx
Shares Outstanding
22,286,950
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amrest, Asset Plus Capital, Bpifrance, Braemar Energy Ventures, Cathay Innovation, Menlo Ventures, Pennant Investors, Peoplefund, Reinvent Capital, Softbank Group, Triangle Peak Partners, Vectoiq, Via-Id
|
||||||
08/09/2019 | Series D-3 | $50.77MM | $xx.xx | $1.26B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,344,476
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/21/2018 | Series D-2 | $18MM | $xx.xx | $905.45MM | Softbank Group, Toyota, Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,712,109
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Softbank Group, Toyota, Undisclosed Investors
|
||||||
08/21/2018 | Series D | $304.05MM | $xx.xx | $905.45MM | Softbank Group, Toyota, Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
45,812,051
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Softbank Group, Toyota, Undisclosed Investors
|
||||||
04/20/2017 | Series C | $40.77MM | $xx.xx | $168.35MM | Braemar Energy Ventures, Menlo Ventures, Saic Capital, Sosv, Sparx Group, Toyota, Triangle Peak Partners | |
Price per Share
$xx.xx
Shares Outstanding
18,526,490
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Braemar Energy Ventures, Menlo Ventures, Saic Capital, Sosv, Sparx Group, Toyota, Triangle Peak Partners
|
||||||
11/20/2014 | Series B | $19.31MM | $xx.xx | $94.93MM | Acequia Capital, Alpha Venture Partners, Cota Capital, Cox Automotivel, Fj Labs, Menlo Ventures, Rpm Ventures, Sosv, Triangle Peak Partners | |
Price per Share
$xx.xx
Shares Outstanding
11,980,730
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Acequia Capital, Alpha Venture Partners, Cota Capital, Cox Automotivel, Fj Labs, Menlo Ventures, Rpm Ventures, Sosv, Triangle Peak Partners
|
||||||
08/02/2012 | Series A | $14.82MM | $xx.xx | $47.6MM | A-Grade Investments, Collaborative Fund, Correlation Ventures, Google Ventures, Innovation Endeavors, Menlo Ventures, Rpm Ventures, Sosventures | |
Price per Share
$xx.xx
Shares Outstanding
14,497,716
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
A-Grade Investments, Collaborative Fund, Correlation Ventures, Google Ventures, Innovation Endeavors, Menlo Ventures, Rpm Ventures, Sosventures
|
Last Funding Round | ||||||||
---|---|---|---|---|---|---|---|---|
Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
Cerebras | $40.08 | +9.9% | $xx.xx | Series F-1 | $2.84B | $xx.xx | $85MM | |
CoreWeave | $1,149.84 | +18.78% | $xx.xx | Series C | $19B | $xx.xx | $1.15B | |
Chime | $24.86 | -0.04% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B | |
Klarna | $370.00 | -1.33% | $xx.xx | Unknown | $6.7B | $xx.xx | -- | |
Turo | $12.96 | -4.07% | $xx.xx | Series E | $1.24B | $xx.xx | $240.52MM | |
Circle | $24.71 | +2.49% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM | |
Netskope | $11.07 | +2.98% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM | |
Liquid Death | $9.47 | -0.11% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM | |
Cohesity | $15.66 | -18.31% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM | |
MNTN | -- | -- | $xx.xx | Series D | $2.21B | $xx.xx | $119MM |
Updated on: Jan 21, 2025
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