RelayRides, which has rebranded as Turo, a San Francisco, CA-based car rental marketplace, raised $47m in Series C funding.
The round, which brought total funding to $101m, was led by Kleiner Perkins Caufield & Byers (KPCB) and its affiliates with participation from existing investors August Capital, Canaan Partners, Google Ventures, Shasta Ventures, and Trinity Ventures. In conjunction with the funding, Brook Porter from KPCB joined Turo’s board of directors.
The company intends to use the funds to enhance the customer experience, accelerate customer acquisition, and expand into new geographies.
Led by CEO Andre Haddad, Turo is a car rental marketplace where local car owners provide travelers with a vehicle for their experience. It allows car owners to earn extra money and travelers from around the world to live unique experiences. Turo currently is present in over 2,500 cities and 300 airports.