About GoVirtuo
GoVirtuo is a company based in London (United Kingdom) founded in 2010.. GoVirtuo has raised $93.48 million across 5 funding rounds from investors including Natixis, AXA Venture Partners and Bpifrance. GoVirtuo offers products and services including Virtuo App, Car Delivery Service, Station Pickup, Mercedes EQA, and BMW 1 Series. GoVirtuo operates in a competitive market with competitors including Toosla, Nexus Vehicle Rental, OK Mobility, Co Wheels Car Club and Nationwide Hire, among others.
- Headquarter London, United Kingdom
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Virtuo Technologies Limited
- Date of Incorporation 21 Nov, 2017
- Jurisdiction WIMBLEDON, LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$93.48 M (USD)
in 5 rounds
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Latest Funding Round
$36 M (USD), Debt – Conventional
May 20, 2021
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Investors
Natixis
& 12 more
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Employee Count
Employee Count
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Products & Services of GoVirtuo
GoVirtuo offers a comprehensive portfolio of products and services, including Virtuo App, Car Delivery Service, Station Pickup, Mercedes EQA, and BMW 1 Series. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for booking and managing contactless car rentals.
Service to deliver rental cars to users' locations.
Option for picking up cars from designated stations.
Electric car model available for on-demand rental.
Petrol car model for flexible rental periods.
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Funding Insights of GoVirtuo
GoVirtuo has successfully raised a total of $93.48M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $36 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $36.0M
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First Round
First Round
(01 Nov 2015)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Debt – Conventional - GoVirtuo | Valuation |
investors |
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| May, 2021 | Amount | Series C - GoVirtuo | Valuation | AXA Venture Partners | |
| Feb, 2019 | Amount | Series B - GoVirtuo | Valuation | Balderton Capital , RAISE |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GoVirtuo
GoVirtuo has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Natixis, AXA Venture Partners and Bpifrance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage investments are focused on French tech firms.
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Founded Year | Domain | Location | |
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AI-first companies are supported through venture capital investments.
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GoVirtuo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GoVirtuo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Govirtuo Comparisons
Competitors of GoVirtuo
GoVirtuo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Toosla, Nexus Vehicle Rental, OK Mobility, Co Wheels Car Club and Nationwide Hire, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based car rental platform
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| domain | founded_year | HQ Location |
Vehicle rentals and aftersales services are offered in the UK.
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| domain | founded_year | HQ Location |
Offers vehicle rental, subscription, leasing, and purchase for consumers worldwide.
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| domain | founded_year | HQ Location |
Community based online car rental marketplace
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| domain | founded_year | HQ Location |
Self-drive car rental comapny
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Govirtuo
Frequently Asked Questions about GoVirtuo
When was GoVirtuo founded?
GoVirtuo was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is GoVirtuo located?
GoVirtuo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is GoVirtuo a funded company?
GoVirtuo is a funded company, having raised a total of $93.48M across 5 funding rounds to date. The company's 1st funding round was a Series B of $22.6M, raised on Nov 01, 2015.
What does GoVirtuo do?
GoVirtuo was founded in 2010 in London, United Kingdom, as an app-based provider in the car rental sector. Operations are conducted through a platform available on iOS and Android devices. Users are required to register with driving licenses and supporting documents. Vehicles can be searched, located, booked, and tracked directly in the app. Post-booking, a virtual key is issued for remote unlocking and locking of the car.
Who are the top competitors of GoVirtuo?
GoVirtuo's top competitors include Nexus Vehicle Rental, Toosla and Carlili.
What products or services does GoVirtuo offer?
GoVirtuo offers Virtuo App, Car Delivery Service, Station Pickup, Mercedes EQA, and BMW 1 Series.
Who are GoVirtuo's investors?
GoVirtuo has 13 investors. Key investors include Natixis, AXA Venture Partners, Bpifrance, RAISE, and Balderton Capital.