IAC, Alphabet, General Motors, Sumitomo, SK Holdings, American Express, Daimler and Liberty Mutual are in line for exits from the car sharing service.
US-based peer-to-peer car rental service Turo revealed yesterday it has confidentially filed for an initial public offering that could provide exits for several corporate investors.
Turo has built an online platform which enables users across the United States, Canada and the UK to rent vehicles to each other. It has more than 14 million registered users and its platform lists some 450,000 vehicles.
The company’s most recent round was a series E that closed at $280m in February 2020…
