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1. www.forbes.com › sites › cfoTuro’s CFO Explains How They Grew Revenues 88% In 2 Years

   www.forbes.com › sites › cfo

   Mar 12, 2024 · From 2021 to 2023, Turo’s net revenues have grown nearly 88% to $879.6 million last year. The company has been profitable since 2021, and it has filed to go public.

2. www.morningstar.com › news › marketwatchCar-sharing marketplace Turo swings to a profit in a boost to ...

   www.morningstar.com › news › marketwatch

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   Aug 9, 2024 · Turo said it swung to $9.92 million in net income in the first half of 2024, after losing $22.92 million in the year-ago period. Revenue for the first six months of 2024 rose 9.7% to $452.72...

3. techcrunch.com › 2023/06/13 › turos-q1-2023-resultsTuro’s Q1 2023 results indicate it may be a while until we ...

   techcrunch.com › 2023/06/13 › turos-q1-2023-results

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   Jun 13, 2023 · Turo swung to an operating loss of $11.4 million from an operating profit of $3.9 million last year. Net loss widened to $23.9 million from a loss of $7 million a year earlier. If Turo was...

4. pitchbook.com › profiles › companyTuro Company Profile 2024: Valuation, Funding & Investors ...

   pitchbook.com › profiles › company

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   How much funding has Turo raised over time? Turo has raised $528M. Who are Turo’s investors? Bossa Invest, Irving Investors, Medici Capital Partners, Phoenix International Investments, and Acuity Partners are 5 of 62 investors who have invested in Turo. Who are Turo’s competitors? Jeeny, Careem, Virtuo, HiyaCar, and Carbar are some of the ...

   • Employees: 945

5. techcrunch.com › 2024/03/08 › turo-car-rental-ipoProfitable car rental service Turo is still ready for an IPO ...

   techcrunch.com › 2024/03/08 › turo-car-rental-ipo

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   Mar 8, 2024 · In 2021 Turo’s growth rebounded from 2020’s pandemic-driven woes impressively, rising 213% that year to $469 million. However, triple-digit growth was short-lived at the car rental company,...

6. techcrunch.com › 2023/03/24 › turo-just-dropped-itsTuro just dropped its 2022 financials as its IPO hunt continues

   techcrunch.com › 2023/03/24 › turo-just-dropped-its

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   Mar 24, 2023 · As a private company, Turo has raised around a half-billion dollars, including a Series E in 2019 that pegged its valuation at the $1 billion mark; that round was later extended in early...

7. People also ask

   How much did Turo lose in 2021?

   • In fact, after posting GAAP net losses in the $90 million range in both 2019 and 2020, Turo cut the figure to a $40.4 million net loss in 2021. Last year the company’s net income came to a far-shinier and positive $154.7 million, although that number is predicated on a more modest operating income result of $33.8 million.

   Turo just dropped its 2022 financials as its IPO hunt continues

   techcrunch.com/2023/03/24/turo-just-dropped-its-2022-financials-as-its-ipo-hunt-continues/

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   What happened to Turo's profit in 2023?

   • Partially as a result of that gross margin dip, Turo’s profitability in calendar 2023 lagged its 2022 results. It posted its smallest operating profit since 2020 last year ($13.7 million, down from $46.6 million in 2021), and its lowest net profit since 2021 ($15.6 million, down from $154.7 million in 2022).

   Profitable car rental service Turo is still ready for an IPO, but its

   techcrunch.com/2024/03/08/turo-car-rental-ipo-profitable-growth/

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   How much money has Turo raised?

   • Turo has raised about $498 million in financing, including capital from GV, Shasta Ventures, August Capital, Trinity Ventures, Canaan Partners and Quiet Capital, according to Forge Global, which runs a private stock marketplace. -Steve Gelsi

   Car-sharing marketplace Turo swings to a profit in a ... - Morningstar

   www.morningstar.com/news/marketwatch/20240809253/car-sharing-marketplace-turo-swings-to-a-profit-in-a-boost-to-potential-ipo

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   What happened to Turo?

   • Turo Inc. reversed a year-ago loss to post a profit for the six months that ended June 30 as the car-sharing marketplace moves ahead with plans to float an initial public offering. Turo said it swung to $9.92 million in net income in the first half of 2024, after losing $22.92 million in the year-ago period.

   Car-sharing marketplace Turo swings to a profit in a ... - Morningstar

   www.morningstar.com/news/marketwatch/20240809253/car-sharing-marketplace-turo-swings-to-a-profit-in-a-boost-to-potential-ipo

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   Why did Turo grow so much in 2021?

   • That growth was powered, in part, by a large boost to spending at the company, which saw its sales and marketing costs grow from $52.7 million in 2021 to $111.3 million in 2022. But rising costs didn’t mean that Turo had an unprofitable last year.

   Turo just dropped its 2022 financials as its IPO hunt continues

   techcrunch.com/2023/03/24/turo-just-dropped-its-2022-financials-as-its-ipo-hunt-continues/

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   Who funded Turo?

   • Turo is funded by 32 investors. Irving Investors and Allen & Company are the most recent investors. Turo has acquired 4 organizations. Their most recent acquisition was OuiCar on Jun 1, 2022. in funding over 14 rounds. Their latest funding was raised on Aug 29, 2023 from a Secondary Market round. Which funding types raised the most money?

   Turo - Funding, Financials, Valuation & Investors - Crunchbase

   www.crunchbase.com/organization/turo/company_financials

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8. www.crunchbase.com › organization › turoTuro - Funding, Financials, Valuation & Investors - Crunchbase

   www.crunchbase.com › organization › turo

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   Their latest funding was raised on Aug 29, 2023 from a Secondary Market round. Turo is funded by 32 investors. Irving Investors and G Squared are the most recent investors. Turo has acquired 4 organizations.