May Private Market Update
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 | |
|---|---|---|---|---|---|---|
| 09/30/2024 | Series E-2 | $59.92MM | $xx.xx | $1.7B | Iac | |
|
Price per Share
$xx.xx
Shares Outstanding
4,488,716
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
Iac
|
||||||
| 09/30/2024 | Series 1 | $457,448.87 | $xx.xx | $1.7B | Iac | |
|
Price per Share
$xx.xx
Shares Outstanding
507,262
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Iac
|
||||||
| 02/05/2020 | Series E | $240.52MM | $xx.xx | $1.24B | Allen & Co., Iac, Manhattan Venture Partners | |
|
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
--
Key Investors
Allen & Co., Iac, Manhattan Venture Partners
|
||||||
| 02/05/2020 | Series E-1 | $41.5MM | $xx.xx | $1.24B | Allen & Co., Iac, Manhattan Venture Partners | |
|
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
--
Key Investors
Allen & Co., Iac, Manhattan Venture Partners
|
||||||
| 03/12/2018 | Series D-1 | $5MM | $xx.xx | $695.2MM | August Capital, Canaan Partners, Daimler, Founders Circle Capital, Gv, Liberty Mutual Strategic Ventures, Shasta Ventures, Sk Group, Trinity 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
--
Key Investors
August Capital, Canaan Partners, Daimler, Founders Circle Capital, Gv, Liberty Mutual Strategic Ventures, Shasta Ventures, Sk Group, Trinity Ventures
|
||||||
| 09/06/2017 | Series D | $112.96MM | $xx.xx | $695.2MM | August Capital, Canaan Partners, Daimler, Founders Circle Capital, Gv, Liberty Mutual Strategic Ventures, Shasta Ventures, Sk Group, Trinity 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
--
Key Investors
August Capital, Canaan Partners, Daimler, Founders Circle Capital, Gv, Liberty Mutual Strategic Ventures, Shasta Ventures, Sk Group, Trinity Ventures
|
||||||
| 11/03/2015 | Series C | $44.81MM | $xx.xx | $294.84MM | August Capital, Canaan Partners, Gv, Kleiner Perkins Caufield & Byers, 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
--
Key Investors
August Capital, Canaan Partners, Gv, Kleiner Perkins Caufield & Byers, Masschallenge, Shasta Ventures, Trinity Ventures
|
||||||
| 08/13/2014 | Series B | $34.2MM | $xx.xx | $109.44MM | August Capital, Canaan Partners, Gv, Maniv Mobility, Shasta Ventures, Trinity 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
--
Key Investors
August Capital, Canaan Partners, Gv, Maniv Mobility, Shasta Ventures, Trinity Ventures, Webb Investment Network
|
||||||
| 09/10/2013 | Series A-2 | $13.22MM | $xx.xx | $39.9MM | August Capital, Expansion Venture Capital, General Motors Ventures, Gv, Norwest Venture Partners, Shasta Ventures, Webb Investment Network | |
|
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
--
Key Investors
August Capital, Expansion Venture Capital, General Motors Ventures, Gv, Norwest Venture Partners, Shasta Ventures, Webb Investment Network
|
||||||
| 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
--
Key Investors
August Capital, Fontinalis Partners, Gv
|
||||||
After more than three years since the car sharing app Turo initially submitted its confidentially filed Form S-1with the SEC to go public, the company has yet to move forward with an initial public offering. Despite there being no official Turo IPO date, Turo’s IPO plans appear to still be on the table, as the company continues to update its Form S-1 with quarterly financial results.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $42.52 | +42.78% | $xx.xx | Series G | $28B | $xx.xx | $2.58B |
 | Cerebras | $29.85 | +3.72% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $22.64 | +0.94% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Figure | $5.76 | +7.87% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Liquid Death | $9.00 | -6.25% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Circle | $30.00 | +17.65% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Chime | $31.50 | +0.8% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
Updated on: May 16, 2025
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