Investors including MVP and Allen & Company added $30m to the $250m in series E funding provided by IAC seven months ago.
US-based car-sharing service Turo raised $30m on Wednesday to take a series E round already backed by internet and media holding group IAC to $280m.
The additional capital came from merchant bank Manhattan Venture Partners (MVP), on behalf of multiple private investors from the sports and music industries, as well as investment bank Allen & Company and unnamed additional backers. IAC provided the first $250m at a valuation of more than $1bn in July 2019.
Turo maintains an online…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
