November Private Market UpdatePrivate market metrics show signs of optimism despite October public market slump
November Private Market Update
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Turo (formerly RelayRides) was founded in 2009 by Shelby Clark. In an interview with Yahoo Finance in May 2019, CEO Andre Haddad affirmed the company is “definitely interested in taking the company public at one point.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Turo owns and operates a peer-to-peer car-sharing platform. The company has raised nearly $500 million in Venture Capital funding from investors including Manhattan Venture Partners, Allen & Co., Expanding Capital, IAC, Reform Ventures, Microventures, 137 Ventures, American Express Ventures, BMW iVentures, G Squared, Kleiner Perkins, Tao Capital Partners, Canaan Partners, Trinity Ventures, and Shasta Ventures. Per company press releases, Turo last raised a Series E expansion in February 2020 bringing the round total to $280 million at a post-money valuation of $1.2 billion.
Turo does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Turo will be known as it becomes public. Here are similar public companies: Tesla (NAS: TSLA), Rivian (NAS: RIVN), Ford (NYS: F), Uber (NYS: UBER), Lyft (NAS: LYFT).
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 2/5/2020 | Series E and E-1 | $282.02MM raised | $XXX.XX | $XXX.XX |
| 3/12/2018 | Series D-1 | $5MM raised | $XXX.XX | $XXX.XX |
| 9/6/2017 | Series D | $112.96MM raised | $XXX.XX | $XXX.XX |
| 11/3/2015 | Series C | $44.81MM raised | $XXX.XX | $XXX.XX |
| 8/13/2014 | Series B | $34.2MM raised | $XXX.XX | $XXX.XX |
| 9/10/2013 | Series A-2 | $13.26MM raised | $XXX.XX | $XXX.XX |
| 5/18/2011 | Series A | $5.31MM raised | $XXX.XX | $XXX.XX |
Turo is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Turo pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Turo is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
