Turo was founded in 2009 by Shelby Clark. Turo has S1 filed for an IPO.
Turo is a marketplace for car-sharing with a locally focused, peer-to-peer customer base. Per Forge data, Turo raised $502.6 million in funding over 14 rounds, with their latest funding raised on Aug 29, 2023, in a Secondary Market round. Key investors include IAC, August Capital, SK Holdings, Kleiner Perkins, Allen & Company, and Manhattan Venture Partners.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/05/2020 | Series E-1 | $41.5MM | $xx.xx | $1.24B | IAC, Manhattan Venture Partners, Allen & Co. | |
Price per Share
$xx.xx
Shares Outstanding
5,457,510
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
N/A
Key Investors
IAC, Manhattan Venture Partners, Allen & Co.
|
||||||
02/05/2020 | Series E | $240.52MM | $xx.xx | $1.24B | IAC, Manhattan Venture Partners, Allen & Co. | |
Price per Share
$xx.xx
Shares Outstanding
23,723,038
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
N/A
Key Investors
IAC, Manhattan Venture Partners, Allen & Co.
|
||||||
03/12/2018 | Series D-1 | $5MM | $xx.xx | $695.2MM | Daimler, SK Group, Liberty Mutual Strategic Ventures, Founders Circle Capital, August Capital, Canaan Partners, GV, Trinity Ventures, Shasta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
535,446
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Daimler, SK Group, Liberty Mutual Strategic Ventures, Founders Circle Capital, August Capital, Canaan Partners, GV, Trinity Ventures, Shasta Ventures
|
||||||
09/06/2017 | Series D | $112.96MM | $xx.xx | $695.2MM | Daimler, SK Group, Liberty Mutual Strategic Ventures, Founders Circle Capital, August Capital, Canaan Partners, GV, Trinity Ventures, Shasta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,096,793
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Daimler, SK Group, Liberty Mutual Strategic Ventures, Founders Circle Capital, August Capital, Canaan Partners, GV, Trinity Ventures, Shasta Ventures
|
||||||
11/03/2015 | Series C | $44.81MM | $xx.xx | $294.84MM | Kleiner Perkins Caufield & Byers, August Capital, Canaan Partners, GV, MassChallenge, Shasta Ventures, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
9,379,868
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Kleiner Perkins Caufield & Byers, August Capital, Canaan Partners, GV, MassChallenge, Shasta Ventures, Trinity Ventures
|
||||||
08/13/2014 | Series B | $34.2MM | $xx.xx | $109.44MM | Trinity Ventures, Canaan Partners, Maniv Mobility, August Capital, GV, Shasta Ventures, Webb Investment Network | |
Price per Share
$xx.xx
Shares Outstanding
16,262,680
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Trinity Ventures, Canaan Partners, Maniv Mobility, August Capital, GV, Shasta Ventures, Webb Investment Network
|
||||||
09/10/2013 | Series A-2 | $13.22MM | $xx.xx | $39.9MM | Expansion Venture Capital, Norwest Venture Partners, Webb Investment Network, August Capital, General Motors Ventures, GV, Shasta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
11,634,911
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Expansion Venture Capital, Norwest Venture Partners, Webb Investment Network, August Capital, General Motors Ventures, GV, Shasta Ventures
|
||||||
05/18/2011 | Series A | $5.31MM | $xx.xx | $11.8MM | August Capital, Fontinalis Partners, GV | |
Price per Share
$xx.xx
Shares Outstanding
5,885,733
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
August Capital, Fontinalis Partners, GV
|