About Turo
Turo is a company based in San Francisco (United States) founded in 2010. Turo has raised $522.97 million across 16 funding rounds from investors including Sumitomo Corporation, SK and Mercedes-Benz. Turo has completed 4 acquisitions, including CarHopper, Croove and OuiCar. Turo operates in a competitive market with competitors including Getaround, Drivy, Car & Away, TravelCar and EVmo, among others.
- Headquarter San Francisco, United States
- Stage Unicorn
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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 Turo Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$522.97 M (USD)
in 16 rounds
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Latest Funding Round
$35 M (USD), Series F
Apr 03, 2022
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Investors
Sumitomo Corporation
& 25 more
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Employee Count
Not available
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Investments & Acquisitions
CarHopper
& 3 more
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People of Turo
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Software Development Team
109 people
Leadership Team
29 people
Senior Team
24 people
Sales and Marketing
22 people
Product Management Team
17 people
Operations Team
13 people
Legal and Compliance
8 people
Finance and Accounting
7 people
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Funding Insights of Turo
Turo has successfully raised a total of $522.97M across 16 strategic funding rounds. The most recent funding activity was a Series F round of $35 million completed in April 2022. 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.
Investors in Turo
Turo has secured backing from 26 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Sumitomo Corporation, SK and Mercedes-Benz.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are directed toward multiple sectors.
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Investment management firm focusing on venture capital and direct secondary transactions
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Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses.
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Investor details for Turo
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Turo
Turo has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include CarHopper, Croove and OuiCar.
Investment portfolio details for Turo
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Peer-to-peer car rentals are aggregated online for owners and renters.
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Locked | Locked | 2016 | Locked | |
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Exotic car rentals are facilitated via an online booking platform.
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Locked | Locked | 2015 | Locked | |
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Peer-to-peer car rentals are enabled online through OuiCar's platform.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Turo
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Turo
Detailed financials for Turo
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
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Turo Comparisons
Peer comparison for Turo
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Turo
Turo 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 Getaround, Drivy, Car & Away, TravelCar and EVmo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based peer-to-peer carsharing platform
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Peer-to-peer car rentals are enabled via an online marketplace.
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P2P carsharing and parking service
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App-based platform for car parking & rentals
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App-based car rental platform
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Detailed competitors of Turo
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Turo
Complete news archive for Turo
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Turo
Turo was founded in 2010.
Turo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Andre Haddad is the current CEO of Turo.
Turo is a funded company, having raised a total of $522.97M across 16 funding rounds to date.
Founded in 2010 and headquartered in San Francisco, United States, Turo operates in the peer-to-peer vehicle sharing sector. Vehicle owners are connected with renters through an app available on Android and iOS devices. Bookings are enabled for preferred vehicles, with features such as insured rentals and contactless delivery provided. The platform supports users in hosting or accessing vehicles across various locations.
Turo has 26 investors. Key investors include Sumitomo Corporation, SK, Mercedes-Benz, Kleiner Perkins, and IAC.
The valuation of Turo is $1B as of Sep 2017.