Yolcu360, an Istanbul, Turkey-based car rental startup, raised $6m in Series A Funding on a $30m valuation.
The round was led by Eksim Ventures, in return for a 20% stake of the startup’s shares.
The company intends to use the funds for:
- infrastructure investments
- new product developments
- expansion of the business into global markets
Led by Umut Yıldırım, CEO, Yolcu360 provides an application that allows customer to rent 100,000 cars at more than 2,000 locations in Turkey. The company plans to add to more than 30,000 locations on a global scale, including citis such as London, Paris, Rome, and Barcelona.