Car-sharing startup Turo raises additional $12 million

Apr 16 2018 by TechCrunch

 

Peer-to-peer car-sharing marketplace Turo has officially closed a $104 million Series D round. This comes following a $12 million investment from Sumitomo Corporation and American Express Ventures, on top of a $92 million raise earlier this year.

“As a company that is intensely focused on enabling its customers to have unique travel experiences, American Express’ strategic investment positions us well within the travel ecosystem,” Turo wrote in a blog post. “Sumitomo Corporation...

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