Kyte Raises $60M in Series B Funding


Kyte, a San Francisco, CA-based company that delivers cars on demand for daily, weekly or monthly use, raised $60m in Series B growth equity financing.

The round, which brings Kyte’s total funding to approximately $300m across equity and debt, was led by InterAlpen Partners, whose founder, Stephen George – an early investor in Tesla and SpaceX – is joining Kyte’s Board. Valor Equity Partners, Anthemis, Citi Ventures, and Hearst Ventures, and existing investors DN Capital plus 1984 Ventures, FJ Labs, and Urban Innovation Fund, participated in the round.

The company intends to use the funds to triple its current fleet and expand in new and existing markets globally, while creating new offerings for those looking for alternatives to car ownership. 

founded in 2019 by Nikolaus Volk, Ludwig Schoenack, and Francesco Wiedemann, Kyte delivers cars on demand for all trips longer than a rideshare. Through the mobile app on iOS, Android, or website, customers can book a car for a day, multiple days, multiple weeks, months, or however long they want.

Currently operational in more than 14 cities, Kyte also has offices in Munich, Germany, and satellites across the globe. It currently employs 100 people.