US-based car sharing service Turo has raised $92m in a series D round co-led by car manufacturer Daimler and conglomerate SK Holdings, TechCrunch reported yesterday.
The round also featured Liberty Mutual Strategic Ventures, the corporate venturing unit of insurance provider Liberty Mutual, Founders Circle Capital, and unnamed, existing investors.
Following Daimler’s decision to invest, the two partners decided it would make sense for Turo to acquire Croove, Daimler’s corporate car sharing subsidiary launched in December last year. The two are…
