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Turo was founded in 2009 by Shelby Clark. According to a TechCrunch report in March 2023, "Turo, a startup that allows consumers to rent their cars to one another, filed an update to its IPO paperwork Friday, detailing its full 2022 financial performance. The upshot? Turo has continued to grind away and even make revenue gains as it awaits better IPO conditions." Turo has not publicly endorsed a plan to participate in an IPO.
Turo is a marketplace for car-sharing with a locally focused, peer-to-peer customer base. Per Forge data, Turo has raised a total of $502.6 million in funding over 14 rounds, with their latest funding being 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.
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.
| 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 | $13.22MM raised | $XXX.XX | $XXX.XX |
| 5/18/2011 | Series A | $5.31MM raised | $XXX.XX | $XXX.XX |
