Sumitomo and American Express Ventures added $12m to a round already featuring Daimler, SK Holdings and Liberty Mutual Strategic Ventures.
US-based vehicle-sharing platform Turo has closed a $104m series D round yesterday with $12m from diversified conglomerate Sumitomo and American Express Ventures, a subsidiary of payment services firm American Express.
The funding was added to $92m supplied by carmaker Daimler, conglomerate SK Holdings and Liberty Mutual Strategic Ventures, a subsidiary of insurer Liberty Mutual, as well as growth capital firm Founders Circle Capital and undisclosed existing backers in September 2017.
Initially known as RelayRides, Turo has developed an online…
